We continue to see a market now in a trade range, and high risk. Although our traders know us for daily signals yesterday we did not provide one, nor will we at opening today. An intraday alert will be issued if market conditions show a clear enough bias for us, but right now the "mood" is NOT clear, and we believe trades are higher risk.
Market conditions yesterday took the Dow to 12,709, which may be near a top, and shifted intraday to a low of 12,457. Many traders wrote "hot to trot" on a new signal, and wanting to trade.
It is not often that Floyd will not find a trade, so stay prudent with us....we see a market ready to shift in expiry, erosion occurring, and high price May options. We will only trade closer to the end of the day, or not at all.
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