#DOW20K, possible trade wars, tax on imported Mexican goods, “Muslim Ban” and I can go on and on.
Shenanigans of just one week. What does this week have in store for us? I don’t know; I hardly ever know.
I know the Dow Jones Industrial Average ($DJI) since hitting that psychological level of 20,000 ---going as high as 20, 125.58--- has pulled back some.
Will we go on to test new highs in the market? There’s a possibility; I blogged about my views on the SPY here. But there is also a possibility we have begun our pullback. You see, what I have learned trading the markets for over a decade is; the markets are uncertain. I truly believe this and go into every trade knowing this little market observation.
At any rate, it’s painfully obvious that I am not firing on all cylinders in this blog. Ha! I am completely okay with this; writers tend to have blocks. Hence the title of the blog, “Ramblings”. This is a very random, somewhat aimless, writer’s block blog.
What I have been doing these past few weeks is condensing my over 13 years of experience trading into short and to the point observation cards. I may begin releasing these on a weekly basis as well; if they prove to be helpful.
That’s all for today. Check out my first observation card here.