“Primary trading paradox:  In what way does a trader have to learn how to be rigid and flexible at the same time?  The answer is:  We have to be rigid in our rules and flexible in our expectations.  In this way we gain a sense of self-trust that can, and will always, protect us in an environment that has few , if any, boundaries.” – Mark Douglas

Moving along from the post SOTU update and yesterday’s post, our attention will now turn to the weekly closes. Once again, despite continued event risk, FED risk and forward guidance risk; markets continue to be extremely complacent across the board. As usual, nobody has a crystal ball but it really does seem that we are getting more and more tells and that a bigger move is brewing under the surface.

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Wishing you a great weekend ahead.