The New York Stock Exchange opened up with a decent pop and there was some pretty good volatility. The only problem was that I didn’t feel like there was much in the way of news or technical that could have given a volatility boost to the market. Instead, I figure we’re just going to be in for another one of those bleeder days where you look at the screen at 10:30 and the market hasn’t done anything and then suddenly it’s done 8 handles before the close. Whatever, that’s just how the game goes.
I traded Orange Juice this morning hoping for a quick pop from a moving average perspective and while the market did go my way, I didn’t feel like it was doing it with conviction so I took my money out of it and after looking at other assets, decided to call it a day. The cash open was more bountiful for me. Even though there wasn’t a whole lot to gain by committing to a side, I was able to beat business costs for a productive day. Additionally, I didn’t trade all that much in terms of round tickets. Most of my trades were heavy size cement balls designed to squeeze something from small moves. It was a lot of work and the reward…well, it wasn’t worth the stress. Don’t get me wrong, I’m happy that I made money but whenever I have to hold the earth up over my shoulders for a couple of ticks in the PnL, I feel the call of getting a CDL license and becoming a trucker.
I have a headache. There’s a lot of stuff going on around the house and today I balance out the checkbook. I am really tired and I have no idea why. Maybe an early lunch will help. As always, I am appreciative to God that I have even a day as slow as today. It’s still a wonderful existence.