|Day Low/High||11.65 / 12.09|
|52 Wk Low/High||3.06 / 18.05|
I'm not inclined to make market calls, but the action on my screen is pushing me to a defensive stance.
Computer programming has found that buying bad-news dips is a consistent winner.
We all know the market setting up for a move, and the longer this range continues, the more anxious we are to anticipate that move.
The likelihood is that this action is a consequence of computer programs.
While the trend is turning down, it's nearly impossible to navigate this market on sentiment.
The only strategy that this market seems to recognize is buying the dips.
As usual, market bounces back from a weak opening.
Wait for some weakness before giving this market a try.
But my goal at this point is to simply manage positions that I have.
This market is all about whether the central bankers can push it higher like they have in the past.
Some smaller miners appear to be etching the beginnings of potentially constructive trends.