Lemming Effect Trading….That’s exactly what we’ve been seeing for weeks. Everybody runs one way until they run off a cliff, then pick themselves up, dust themselves off and do it again.

This Lemming is tired!

The Metals “last night”, and the Aussie during our day session yesterday have rallied to significant resistance levels.

SPU and NASD Futures have both rallied back to resistance areas which will prove to be pivotal for the next couple of months. Only closing above these levels will lead to more strength.

I am in a,” watch and wait” mode… Short term traders should be patient and trade the price action. Take the money when it’s given to you and don’t get too opinionated.

Bigger picture, I am looking to go into a full risk on footing over the next couple of days.

Location, location,Location…Don’t trade in the middle of nowhere…

Every trade is the same trade…Pick the lowest risk vehicle.

Model Trading Portfolio…Current Holdings

No Positions

The majority of our clientele have Risk On exposure

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