Like a cork upon a tide

“His heart danced upon her movements like a cork upon a tide. He heard what her eyes said to him from beneath their cowl and knew that in some dim past, whether in life or revery, he had heard their tale before.”
James Joyce, A Portrait of the Artist as a Young Man, 1916

The last trading day of 2017, as the market prepares to close an amazing year, as close to an all time high as possible.

The signatures of the year: repeated gap up and go days, catch me if you can, frequent buying surges at the close, risk to the upside, very few and short-lived sell signals, as the market continues to frustrate and play havoc with anyone who disbelieved in the bullish momentum.

Next year? Be prepared for more… of the same, and some different stuff too…

Wishing you all a prosperous New Year.

Chart of S&P 500 for 29 December 2017

Be prepared for whatever is coming next, and trade with confidence:

To receive detailed daily analysis, guidance and the updated daily Buy / Sell trigger levels being generated by the Trading the Line system before the market opens, and intraday alerts when appropriate, please become a Member and Sign up for Alerts & Observations – includes access to Members Area and the Explanatory Notes for all of the concepts discussed.

Disclaimer: This is the diary of a personal trading system, its methodology and the signals that it is producing. You are welcome to follow along but please understand that the information presented here is for educational purposes only. No recommendations are being made to buy, or sell stocks, options or futures contracts. Please consult your own financial advisor before making any investment decisions.

 

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