Postaus

I've been trading for so many years and one habit has become increasingly clear: When the market faces a definite timing event, like FOMC, CPI, or Nonfarm Payrolls, and the bearish crowd is overwhelmingly dominant, I don't join in shorting. Not because I'm necessarily bullish, but because the odds of shorting at that time have often worsened. The Federal Reserve meeting early this morning is a perfect example. The market has already priced in over a 90% chance of a 25BP rate. #DailyOrbit