Don’t Think Twice

Posted on Jan 15 2016 - 10:50am by Dan

Each morning, I brew myself a cup of coffee.  I then sit down to my trading monitors.  And I ask myself a very simple question …

Is there any reason that I should be buying this market?

And for the last month, solid … the answer has been the same.  Each and every day.

No.

This is why I have been bearish on the indices for the last four weeks.  This is why I have been bearish on Disney (DIS) and bearish on Apple (AAPL).  It didn’t require advanced linear and non-linear modeling.  It didn’t require understanding the impact of Oil and debt models.  I did not need to analyze aperiodic volatility data.   No predictions into the future were forecast.  I simply looked at price.  And I asked myself that very simple question. 

And once I understood I had no reason to buy these markets, I also refused to complicate what was a very simple answer, to a very simple question. 

As the man says …

It’ ain’t no use to sit and wonder why …
If you don’t know by now …
An’ it ain’t no use to sit and wonder why …
It don’t matter anyhow …

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