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I've Had It

Pardon my rant.

But this is stupid.

The sheer amount of noise that is effusing across the pond has reached a tipping point for me.

And it's not about the whipsaw.

Back in 2008 and 2009, there was a ton of high volume newsflow-- but it actually meant something.

For now, we have 30 media outlets vying to be The One that breaks The Story.

And this entire week has been filled with drama that has give us a whopping 2% trading range in the $SPY over the past 6 trading days.

My brain feels like it's been hijacked, where liquidity has trumped traditional analysis forms for too long.

This post will probably mark the end of the range. We'll finally get The Move (I don't care which way).

Okay I feel better.

Keep this on a side note-- this kind of self talk is helpful. It's what Dr. Brett calls the Internal Observer. Often when you are projecting yourself onto the market, there are many other participants with similar observations.

by Steven Place

Steven Place is the founder and head trader at