With tariffs and trade wars, tweet wars, and turmoil in Syria, headlines have dictated some wild swings in the market lately.
Over the past two months, these news stories have kept the market in a proverbial tug-of-war that it just can't win (or lose). And while this market-versus-headlines battle has yielded incredible volatility, we're left facing a near-zero net movement for stocks.
Over the past two decades that I've been trading, I've seen just about every kind of market environment there is. Through the ups, downs, and in-betweens, I developed principles that remain true no matter what's going on. Eventually, I refined these principles into my "10 Commandments of Trading."
One of the commandments states that "Volatility is a trader's best friend." But too much of a good thing can be bad, and we're definitely seeing the effects of that now, as the market sustains no traction on either side of the trading line.
Imagine the opposing sides are two stationary objects tied together and equidistant from a central point.
However, all is not lost just yet…
You see, the charts are lining up to force the market into making a more directional move that will benefit prepared traders.