Today is one of those days in which I feel I should be making a lot more. Yes, the /NQ is down about 1.5%, which is dandy, but I still feel like I’m missing out. In any case, the market rallied for no particular reason, but mercifully it hit resistance on the /NQ and is retreating again.
The bigger picture reveals a H&S reversal which hopefully will set us on course for that lower green support line.
One reason I’m feeling out of sorts is that I bought SOXS in size yesterday (first time I’ve ever even touched the stuff) but wimped out and dumped it yesterday for a small loss. You can already guess what I’m looking at this morning.
In my defense, the daily chart on this DID look somewhat scary to hold. It’s down like 99.999% over its lifetime.
I’m going to work on getting my head screwed on right to attack the rest of the day.
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