Momo vs. Sell Vol


My friends in the media sure do write a lot about nothing, imho. The market might go up, it might go down. That simple. Journalists can gather all the stats and releases to make sense of price action. But be assured there’s always much deeper,unseen activity in the works of things.

Best rule to live by is to be nimble, stay profitable. No need to try and understand it all.

Where the upward momentum of major averages and key sectors makes it foolish to want to short, we’ve seen evidence of funds letting loose shares, perhaps to take profits or be defensive. This sell volume can’t be ignored.

Bias remains neutral.

Long position in WCIC intact.

Carry on.