Feeling The Market From The Road

Being apart from the financial markets while on the road becomes an interesting meditation. It's been 14 trading days so far, and while I wouldn't want to day trade this way, I feel reasonably comfortable with smaller swing trades with stops.

As far as the meditation part goes, even if you're only able to catch an update or two during the day, you can still feel the battle between the bulls and the bears. Some days you swear you can feel the candlestick forming.

Today, for instance, I felt good in the morning when I heard on the radio that the S&P was only up fractionally. I was short. Then I heard it was down 11 and felt much better. But when I heard the closing number, up just over 1 point, I could "feel" the hanging man forming. I don't feel good about the short anymore. There is a gap at 1106 (also the .786 retracement of the last leg). Even though this market is up on light volume and a lot of hope, I'm betting it will be filled. I may also make that area my new stop, just in case the bulls want to have some summer fun and roll around in the grass.