The Student Loan Ranger

I'm out the game for the rest of the week. 6 losers in a row in a market that just cannot make up it's mind = a no brainer decision.

FTSE flat on the day stocks down 5%, FTSE down 5% on the day and stocks are up 1%, FTSE up 0.2% stocks up 6%. Oil up $3 airlines surge, Oil drops off airlines stagnant. Financials rally and fall on nothing. Definate window dressing in the housebuilders trading statements too. Metal prices making new highs so steel stocks sell-off.

Anyway, this seems to be the state of play this week:

1. Technical Analysis does not work in the current market
2. Support and resistance are non existant in the current market
3. Momentum does not apply in the current market
4. Holding overnight is insane in the current market (you will not be right either short or long)
5. Buying strength does not work in the current market, nor does buying weakness
   
6. Selling weakness or selling strength does not work in the current market
7. Nobody has a clue what the market is going to do next
8. There is no such thing as good news in the current market.
   
9. The flip of a coin is statistically a better entry decision at the moment than using a traditional stock picking method.
   

Back next week, confidence is king and when you don't have any, you can't rule.