You wait for the cards to be laid out on the table for the AM news. Helping to support the market, you are one of those laying out the cards. Tomorrows jobs report, or whatever numbers there are coming out, are truly unknown. The market made a run for neutrallity at the end of the day, the market supporters are prepared for a large move in either direction, regardless of which way that will be. I am in cash, and within this group.
Let me pose to you a hypothetical scenario. I am giving you a job. Your job is to help support the overall transactions of some popular blog site, such as "The Slope of Hope".
Each day the "slope" will come to an overall agreement, on a certain financial instrument (let's use SPY). They will collect all data from all commentors and come to an accumulated speculation of SPYs direction. As your new job position entails, you are to support SPY by taking the opposite side of the Slopes transaction. You are not the only one doing this, for there are other select few to assist you.
If the Slope is buying, you are selling to them, if they are selling, you are buying from them. Your primary objective is to not lose money, don't matter if you make money, just don't lose any. You have 500 million to do this with.
Figure out how you would get that job done, without emotion or decision. Do that, and you will start to understand.
Somethings never change in Wall Street...
1 hour ago