My opinion on the market is primarily a function of the hundreds of individual charts I look at throughout the day. When I see a large number of stocks moving on volume increases I take note. Volume is key to my decision making. I need institutional demand on my side. When the big players are piling in it gives me greater confidence that a meaningful price move will produce some upside momentum. I think of volume as the rocket fuel that drives a stock.
It doesn't matter how good a stock is if it doesn't have the rocket fuel. Volume shows ignition. Spring follows winter. Keep your powder dry.
It's a nasty environment out there. Thank you Bernanke, Geitner, Yellen, the Fed, Congress, etc............ We are in a bear market. That said, the risk of a massive spike upward is possible before we resume the inevitable downside due to central bank printing.
Parisian Family Office, CEO. Began Wall Street 1982. Drexel Burnham alum. Founded investment firm, Native American Advisors, '95. White Earth Chippewa, raised on many reservations. Conservative. NYSE/FINRA arb. Pureblood, clot-shot free. Trading in a world on a social media dopamine binge, from GHOST RANCH on the Yellowstone River in MT, TN farm, PAMELOT or CASA TULE', his winter camp in Los Cabos, Mexico. Always been, will always be, an optimist. Play by my own rules.
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