Market grinding higher on almost no volume
WMT reported earnings before the Open and gapped up, but traded in the middle of nowhere. I had it for a fade at 105 or bounce off of 100. No trade here.
Stuck to my proxies and traded rather calm today. Taking off the long weekend and do nothing market related felt very good. Change of perspective. Got a sense of spring and spent lots of time outside.
Frustrating times. I find it difficult to trade as the market is somehow grinding higher with erratic pullbacks/dips that are bought out of nowhere. Breakouts on these attempts are mostly fakeouts that are sold back lower before a sudden run out of nowhere. It feels like chasing the trade then. Not sure whether I might be just too slow or unable to read the tape.
I keep at it and be back tomorrow.