Today’s market action was fun to watch. I’m not a trader. We watch the long term trend and buy ETFs (or sell as the case may be). Pretty clean usually, watch the money move, avoid risk and basically buy and hold. This last pullback was a big snap on our charts. I do worry about that volatility right here as HAL-9000 tries to exact its revenge for all of the robot bashing (we’ve pushed open a wide trading range now), creating a ton of whipsaws.
The euro is already having a second case of angina. Not surprising.
So maybe this is the chart we should all be staring at… (click to enlarge)