Meh

Posted on May 6 2016 - 5:42pm by Sharpe Trade

Nice rally today after that initial dump on the pre-market.

Should have seen that one coming, seeing as how early moves are often reversed.

But in all honesty …

…. meh.

As I have often said, a one day jump in stock prices, does not a prolonged rally make.  Especially when that one day rally comes in the month of May, in the middle of a downtrend.  The stock market is a giant machine that will devour and eat the indecisive, flipping stances too often, with no thought to process or risk mitigation.

I’m actually still bearish on stocks willing to change my stance, if our processes tell me to pull the trigger and buy.  Until then, I’m a stubborn bear …

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