Welcome to the Mid-Week Shuffle.

We’ve seen pattern follow through in the Indices as well as many of the names.

The Risk spreads filled their respective gaps,powered above

momentum resistance, and are now siting on those momentum levels.

This simply says it will take into NYSE opening for the next move.

Rule #1…Do not buy late day strength in the Indices.

The names should be an easier trade today than the Indices.

I’ve received notes from clients wanting to load the boat long again.

My response is trade the market that’s in front of you in real time. Don’t wait until after the fact to ask me if you can chase.

I sent out two lists of names that showed the most technical potential yesterday.

I rarely rarely ever put out that many missives in a day unless something big is happening.

Yesterday’s scenario was set up weeks ago as was most of the were wiggles for August.

It’s human nature to want to get in after the move because you see it working.

This is when you have no risk management. It’s called chasing.

My work is causal. Trade the levels when they align and you have less risk.

Lets see what develops today.