Volume in the S&P 500 has been steadily declining for the past 90 days or so, but the long trend has stayed in place. The most important lesson this week is to become dissinterested in the market when it’s choppy, and push for profits when the market has strength and is respecting areas. It’s so simple, but on of the toughest things to stick to when trading.
For the past couple of weeks we’ve been begging people not to buy into the perma-negative commentary on the news. In fact, if you’re trading intra-day watching the news is one of the worst things you can do for your discipline. A lot of traders have been trading short, and keep getting squeezed. Remember, what’s popular is usually wrong.

