Almost a really good day

As Hannibal Smith used to say on the A-Team, “I love it when a plan comes together.” Well, we had an almost 200 point day…..unfortunately it ended up a +103 day.

There was a pretty big collapse in the A/D volume, as in mid-day the volume was +12:1 but by the close it was down to +5:1….a decent number, but not as good as it could have been. The last half hour drop was ominous.

I’m up to 1/2 positions in my ETFs and am looking to be at full positions tomorrow. Feeling good about this so far and am looking for a green close to this OpEx week…. although tomorrow may be a consolidating or slightly down doji day….not much news, only the oil inventories at 10:30AM. I’ve added TBT and UCO to my watchlist.

Here’s an interesting story: The Disposition Effect.

Happy trading!