Too often traders not only have an opinion, but become inflexible. Direction is never a definite, but rather a probability. It's easy after a good day to convince yourself you "know something". Don't get off track...

Let's get the FOMC decision behind us, so we can get back to "normal". The event has little significance this time, other than keeping most participants on the sidelines. I've reviewed certain major themes that have been getting tested lately (ie. the commodity bull), and they are basically intact. Even if commodities are "finished", it does not mean stocks necessarily go up..

I'll make this a quick update, as not much has changed since yesterday. I did start to buy into the SLV and DGP etfs (Silver and Gold), but with very small size. I acted as a result of relative strength in commodities, even though the $USD was up sharply...

My focus lately has been shorter term. This is due to the volatility and the "counter trend" opportunities. I've discussed many times how I prefer to be short "paper" and long hard assets in this environment. However, I also take signals as they present...

Showing readers how I know when to ring the register. The example on May 22, and the logic.