The market is a force of nature and is ever-changing. Those who say “in all my years, I have never seen anything like this” are right on the money because forces beyond our control are constantly rewriting their own story. Up here in New England they say if you don’t like the weather, wait a minute. And for my fellow dip buyers… If you think that you missed the last of the great btd opportunities, greater rewards lie ahead for those who wait it out and stick to their plan than for those who chase the storm.
Overall volume sank on Monday, so this phase of the current meteoric rise may be running out of steam. Yes it’s true that the bulls have been thriving on low volume lately, but at this point things seem to be cooling down because there just may not be anymore room left on the train. In lieu of any surprises, SIDEWAYS into the jobs report would be expected. Beyond that, as difficult as it is, we’ll just have to wait and see. -MD
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