The last couple of days for us have been very frustating. We were perfectly positioned going into the President’s Day weekend and suffered almost no losses on Tuesday. I wish we could say we have been that fortunate since. There has been nonsensical selling. Alternative energy stocks, such as AMSC go down when oil skyrockets and even natural gas stocks go up? NLC with 1/3rd of it’s business in the oil sector goes down while oil service stocks go up? In headline driven markets, technical analysis becomes less useful. When you lose your compass slow down until you get your bearings.
