When good news is bad.

I am not a big fan of reacting to news but it does effect the market. In this run up, the market has rallied in the face of bad news. Today we got a good ISM and is not being digested positively at least at the moment. ES rallied and failed.

I use news as a way to see the sentiment. The news is a great way to uncover the sentiment. If you need to get things done you will get them done at what you feel is the best price. News days are a great way to get the uninitiated on the wrong side.

The character of the market is changing, leadership is changing where it leads I am not sure.

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