Market Exuberance

Been a while not posting on this blog and was quite busy trading the market exploring the market exuberance. Trading the market the past few weeks was quite challenging and nerve wracking if i may so. The market was on the uptrend the past months or so but was on the downtrend or in its choppy mode since the second week of May. From then on the market was on its unpredictable behavior, it's like bull today bear tomorrow.

From this daily chart of the Nasdaq 100 (NQ futures, and also it is similar to the other leading indices, the S&P 500 and the Dow), you can see the participants behavior was quite imbalance, seems its suffering from ADHD? The market from then on was for the traders, not for the investors? The traders are making tons of losses and winners, the losers are the novice traders and the winners are the pros. But if you are an individual trader trying to capitalize on the market imbalances and you do your trading based from your own understanding, you can do quite well. You have an advantage over the other ordinary individuals who are just on the fence doing nothing. That's why the market is attracted to other creative individuals who are exploring other opportunities. The market offers great opportunities to everyone and it's there for the taking, you just have the interest in learning how the market works.