Making Adjustments

We have been adapting well to this market inside Market Chess Subscription Services, focusing on playing great defense overnight while picking off day-trading opportunities. 

While the last two sessions have been a reprieve of sorts for trapped longs from above, the market is far from being out of woods. As an example, the volatility ETFs are soundly in the green as I write this. Moreover, it will take much more than a good day or three for crude oil to reverse its vicious bear market. And the same goes for many broken charts. 

Into the final hour, I am reticent to put on fresh swings. Again, this is a defense-first market rather than a get-rich one, and has been that way for a while. 

But in the event we are on the cusp of a major change in trend then some short swings will be presenting themselves in due time. 

See you after the bell for my recap here and the full-length one for Members.