Trading Portfolio December 8

Meta Strategy Trading Portfolio – Probability Map Update.

Grind Up

At a snail’s pace the S&P 500 keeps grinding up day after day and has ended last week just a hair’s breadth away from a new all-time high.

This is typical when stocks digest a shocking thrust from an environment of deep insecurity.

There is simply nothing is happening as everyone waits for a new market-moving event.

Underneath the surface this alone generates mechanical flows that are sufficient to levitate the index slowly higher.

This can keep the party going into January, until the new year may introduce increased volatility in both directions.