How does it feel? To be on your own … without a trend?
If you are still trying to trade directionally in the ‘meat-grinder’, are you having fun yet?
I’m sure at some point a trend will emerge.
But for now … nothing.
Iron Condor traders have to love this, because they and other non-directional players are the only one’s making money at the moment. These are the sort of markets that make them look like veritable geniuses. Speaking of making money … yes … yesterday was another up day in our accounts. I have some of the lowest long-term draw-down numbers in the business, and I plan on keeping it that way.
Initial levels on the Spoos I’m watching is obviously 2090. But those are only initial levels. You look across major markets, and it’s pretty obvious to see the doldrums in which we now find ourselves. Until we break out of the highs or lows of the last month on the 30 year … be prepared for more of the same …