Happy Valentines Day for all the readers! I hope you got to do something nice today or this past weekend. Today was a crazy busy day at work and of course it was an interesting day at the end for the markets.
I am not one of those that think "the market" has a real good track record predicting much. It's often way late at market tops, and hopelessly eager anywhere near any kind of bottom. I have often said that the market is good at looking 6 months ahead, when it's not concerned with the next 6 minutes. Sometimes you get a day like today that just befuddles and leaves one bewildered. Befuddlewilderment!
Here is a 1 minute chart for the SPY today and you can see what looked to be a "trend" down day was reversed in short order right before the close:
So in an effort to improve overall morale, here are some picture representations for "Befuddlewilderment" and maybe it will catch on:
Have a good night.