Markets Trade Sideways – You Know What To Do

I thought I’d wait until after the close today – hoping that “perhaps” there might be something a little more interesting or exciting to chat about. Low and behold…..not.

Today being the 15th trading day with the SP 500 still flopping back n fourth – in range.

Gold putting in some “constructive” moves but certainly nothing to write home about, and the US Dollar’s upward move has “for now” run a little low on steam.

Japan’s Nikkei has also continued to trade in range, unable to get back over that magical 16,000.

What’s changed? What’s new? Absolutely nothing as price action continues to trade sideways day in and day out. There is absolutely nothing you can do about it, just accept it and do your best to remain calm, focused, and don’t get lulled to sleep.

Markets have a tendency to “jump up and punch you in the face” at the most “inopportune time” so…..keep those eyes peeled and maybe “just maybe” we’ll see some fireworks here soon.

4 Responses

  1. Kalahari January 21, 2014 / 5:38 pm

    This is the hardest time. To be patient, waiting, watching. Like a lion in the long grass ready to pounce.

  2. JSkogs January 21, 2014 / 6:59 pm

    Yup Kong….boring! Haven’t changed the plan at all. Making small accumulations. Happy to wait it out.

  3. rolo January 22, 2014 / 2:36 pm

    Thanks For the oil call Kong – my UCO is making good progress still

    • Forex Kong January 22, 2014 / 2:39 pm

      Nice work sticking with it.

      I dumped after a couple days flat – then missed the surge.

      Got the price level right…..but just didn’t like the price action when looking at USD.

      Oil moving up….USD moving up, gold moving up hmmm…….which one of these things doesn’t belong??

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