Friday, October 28, 2016

10-28-16 (updated to include shiny chart)

The market opened down as signaled, but I suspect, if you were short like I was, you probably didn't get out in time.  At the moment I'm still in. 

Looking at compression, SPX was expanding into the close, and thus this up bar this morning is a contraction. 

We certainly didn't get the black Friday that was on the table. 

And Gee, thanks for some crummy stock picks Mannarino!  I know, it's too early to give up on them.  I'm just complaining for fun.

Looking at this, I think I'm inclined to hold.  The green arrow means nothing if it's the most recent bar or 2.

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