Watching from the sidelines…

What a week that was. What a finish to the week by the Dow! Here is the chart of the 5-min action in the Dow futures contract just for Friday’s session which shows a total range on the day of some 3580-points. I have never seen anything like this in my 23-years. Both our ASX and US accounts are square now and quite frankly that is the safest way to be. I’m not afraid to take positions, but I certainly won’t be taking one against the major trend in this environment. The markets will revert back to normal. Bullish setups will come along again. We will get through the other side and there is no harm in not trading. I appreciate subscribers want signals to trade, however, the fact that there are no signals is actually a signal in itself.

If you want to throw some money away, then try #5 in the 6th at Randwick this afternoon….