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The Tide is very difficult to read right now, it's a confused sea. The recent King High Tide peaked at 3020.74 on September 12. At that time the Tide had risen for 37 days and 7%.

Today marks 55 days since the last Low Tide and 18 days since the High Tide reached it's high mark. If we are in a Low Tide we are in a long Low Tide (18 days) as they usually decline for 17 days. If we are still in the High Tide it will be a long High Tide as it will need to exceed 3020.74 to continue.

My guess is we are probably in a Low Tide as Friday's low of 2945.53 wasn't too far off 2923 which would have confirmed the Low Tide. But as I type the S&P is about 50 points from the High Tide peak and about 50 points from a Low Tide confirmation.

It might not be as fun as sailing but the best thing to do is watch from the dock.

Therefore:
No new long positions planned.No short positions planned.Hold and/or sell existing positions. Fair winds and following seas!
Trading Tide Levels:
High Tid…

Two days ago, Tuesday, I posted about the importance of "Patience" and how even thought it felt like a good time to set sail (buy a stock), the forecast was not clear. The forecast is never really clear but unless you have conviction in your decision it might be best to stay at the dock. So yesterday, I felt slight disappointment as I looked out at a beautiful day (the market was up) and I was still sitting at the dock watching. But today, so far, the market is down.

I've talked about having "The Right Mindset" for trading as you have to be extremely level headed and be able to manage your emotions. A win is a win and a loss is a loss, never get too happy with your results and never get too sad either. Remember, to try to keep it fun, you have to be able to lose it all.

Here's this week's roller coaster:
Monday S&P High 2999 Low 2982Tuesday S&P High 3008 Low 2958 "Patience"Wednesday S&P High 2990 Low 2953Today (so far) S&P High …

Today is the type of day, with the market down and an unsure tidal direction, it feels like a nice day for a cruise. Some of the boats that returned to the dock during the recent High Tide  are now sitting slightly lower than when they were returned to the dock which is tempting me to set sail with them once again.

However, the current strategy is to watch the market set new highs or watch it fall back to a range between 2923 and 2798. The S&P at 2966 just isn't low enough to set sail today. If a storm is forming, VIX winds are increasing, and we are in a new Low Tide it might be better to keep the boats moored at the dock until the tidal direction is clear and the Low Tide is established.
Stick to the plan.

Fair winds and following seas!

Trading Tide Levels:
Confused Tide (S&P at 2968)Neap/Spring Tide (VIX slightly rising to around 17 knots)Subscribe to 10KT NewsletterLearn More About 10KT
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This is for informational purposes only and the information provided doe…