Hey traders,

Well, January is over and I couldn’t be happier with what we’ve seen so far in 2010. The first two weeks in January started off a little slow. I guess it was the market trying to figure out if it wanted to break the highs up around 1,150 on the S&P 500. Anyway, since then we’ve seen some INCREDIBLE opportunity! This market reminds me of late 2008 when everyone was screaming bloody murder and we were cleaning up. January 22nd started the first bearish movement we’ve seen since early 2009. Could the top be in? I don’t give a shit… All I know is the market falls a lot faster than it rises, and that’s proven to be true over the past two days.

Take note of the spike in the VIX and the increased ATR of the S&P 500 Emini daily chart… more volume & volatility means more opportunity for us traders!

Filed under: Uncategorized by Chris Dunn