Propped for entry…hopefully again

This kicked in, after Friday’s meaningless prop-up, which led me into this trade….which was sweet (now, I still have a small position in FTK, which got killed today, so don’t think I’m batting a thousand here haha)

So, now what?  Eh….it’s dollars, then oil and then equities in my opinion, so you have to know what’s moving markets.  Hint:  it’s not earnings.  Unfortunately, those days are long gone.

875-885 was pretty tough on the way up and it could be again on the way down, especially as we approach the end of the quarter, where fund managers trick their clients into thinking they are geniuses that have owned the names that made headlines lately.

So, short entry isn’t a great idea here in my opinion.  In fact, I’m probably going to take the rest of the month VERY lightly and see if we can get another prop-up setup like last Friday.