We’re seeing the broad markets rally after last week’s plunge lower.
As I mentioned last week, it’s going to take time for the market to sort itself out.
The size of last week’s sell-off was extraordinary and considered a black swan event.
I’m not seeing a lot of signals today.
The best trade we can do right now is to put our hands in our pockets.
I know you’re itching to make your next trade, but this is a tough market and we don’t have to put on any new risk right now.
This is going to be a choppy market and a volatile market can bring quicks profits – it can also take them away.
This can lead to more frustration and loading up on losses by forcing unnecessary trades.
So, with that said, let’s take this time to improve our discipline and education.
When it’s time to make a move, trust me, you’ll be the first one to know.
Action to Take: No Trade today