It was the best of times, it was the worst of times... trading that is. For those that picked up on the references to the classic Dickens novel, I swapped out "Cities" for "Tapes" as it sums up my recent experience in the market lately. The term "tape" refers to the price action in the stock market, a commonly used throwback to the days when stock prices were printed out on a paper strip throughout the trading session refereed to as ticker tape. Following two extremely tradable & profitable trends early in the first quarter of the year, one bearish & one bullish, Q2 & Q3 have been marked by two of the most difficult trading environments seen in many years, both of which the market went exactly nowhere for months.
A Tale Of Two Tapes
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