“Let’s make a move…” “OK, you go first…” “No, you go first!” “No, you!”
No one wants to be first. If I didn’t know any better, I’d say no trader out there wants to be the first one to… do something. Anything. The players here are scared #%&less.
The market has spent the better part of three weeks bouncing around in an incredibly tight range - we haven’t touched the expected move since September.
All the while, it’s like someone broke the dial on the VIX. It’s practically stuck above 20.
But like I’ve been saying, this can’t last forever. And it won’t. And I think “it” will happen sooner than anyone realizes.
After all, earnings are going to start ramping up on us here. Let’s talk about what to do…