Tuesday, May 16, 7:25 am EST. Well, metals were up last night, and they are still higher this morning. We’re waiting for someone to actually notice, so as to start truly pushing this as a real and notable rally. The volume has been getting lighter, as the market has been going higher. That is not a prescription for a real good trade.

One can certainly try to trade it, as I have said, since about this time last week. And, one would have being doing well, so far, but I can’t get into this kind of a trade, where my nerves are going to be jangled, because I can’t see participation and excitement building… all of which is always demonstrated with… VOLUME!

Those that are in, don’t get complacent. Watch your positions closely, and be prepared to sell and take profits. If volume does not build, this ‘rally’ should not have legs and last.



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s