Welcome to 2009!
If last year wasn’t a great one for you, then I hope this one brings you a turn for the better.Â And if 2008 was pretty good, I hope that continues. 🙂
I’m not going to make any predictions about where the markets are going. That’s the pattern of the season, but it really isn’t worth much in the end. The one thing I will say, though, is that I don’t expect the markets to get easier to trade in 2009.
Last year was a clear trending year with the major question throughout it being “How far?”. This year there are going to be a lot of cross-currents which could make for very choppy action. Traders right now seem to be asking “When will the transition end?”, meaning when does the shift from negative to positive happen. Transitions tend to be uneven at best, and things almost always take longer than people expect, so there could be a lot of back and forth in the markets for a while.
On the plus side, while volatility as measured by the likes of the VIX is probably not going to be as high, it likely will stay high enough to keep things interesting for traders.
For my own part, I’m liking the way 2009 is setting up. In many ways it’s been a difficult last two years since I left full-time volleyball coaching to return to the ranks of the professional market analysts. I’ve been dissatisfied with the way certain things in my life have gone during that span, but in the last couple of months I’ve seen things really start to turn in a good direction. I’m very much looking forward to the new year.
In terms of trading resolutions, I want to get more active in the marketsÂ than I’ve been. I’ll soon be shifting out of the stock market and back into forex in terms of my professional work. Though I do plan to keep trading stocks and the mini S&Ps, especially the latter, being focused on forex will allow me to get back to trading that market in a way I haven’t done much of in a while.
So what about you? What are your trading resolutions for 2009?