Obama Effect??
5 min Emini Nasdaq 100
Hi,
How's it going? The race is finally over and we have a new president.. I am not going to expound on my political views here.. And I am surely not going to allow politics affect my trading...
What I observe is that today is characterised by short-bodied candlesticks that doesn't make it appealing at all for me to enter the market. There is a slight negative slope plus a gap down from the opening bell.. I would rather go short than long... But frankly,,, I did nothing... It simply isn't worth the risk..
Shorting might look like the right thing to do but you can only know this with hindsight..
NO TRADE TODAY.