"Water shapes its course according to the nature of the ground over which it flows; the soldier works out his victory in relation to the foe whom he is facing. Therefore, just as water retains no constant shape, so in warfare there are no constant conditions."
Sun Tzu

Thursday, April 26, 2012

Today is the Day

It has been a strong two days for the markets and I start to see some nice setups on the long side. Have to be careful because it we are in the middle of earnings season and I do not get into positions right before they report. Major indices are now trading on top of their recent range and I'm still short small caps through TZA. I will close the position immediatly when indices brake resistance, though:

Today is the day where we either brake resistance and switch back to bull mode or bounce back into the range. Stay alert.