The VIX is nose diving and our strategies have been net long stock indexes today. The Nasdaq really wants 10k. Its hard to imagine the market selling off at any point right now with this tape.
That is just recency bias though and as a trader you have to guard against any over confidence in your long positions when your perception reaches that level. The normal amount of confidence should remain so you can take your normal/planned/systematic long trades.
The Euro Currency is trading at 1.08 levels as the trend has accelerated down. NightTrader hit its profit target today and Gap Continuation exited with a nice gain considering the lack of volatility in the market.
Coronavirus fears from Wall Streets perspective seem to be over.
Comments