Wednesday, October 29, 2008

Oil - direct relationship with market continues

The link between oil and our markets appears to be strengthening. I would guess that the short term rally in the dollar was starting to hurt us in the U.S. Exports were the one bright spot in our economy. I haven't been trading as much lately. There are definitely opportunities out there, but I think this market calls for more instinctive trading. I'm still looking for picture perfect setups and there haven't been as many of those lately. We get these sharp moves that seem to come out of nowhere. I'm at break even this month. To those who are doing well this month, congratulations! If you can trade this market, I think you can trade any market.

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