With stocks down nearly 100 points on the Dow, and in the negative throughout the trading day, one has to wonder if the mood has shifted once again. Over the weekend, various prominent voices in the finance community have continued to assess the economic fundamentals, analyzing more closely the internals of last week's day, and are increasingly turning thumbs down on stocks and the macroeconomic picture.
During these consolidations, I take numerous small trades for 3-4 ticks each. They often last only a few minutes each. There are numerous small bad trades, but more good trades. They add up!