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Are Investors Confused? So Am I.

|Includes: EMN, OIL, SPY, The United States Natural Gas ETF, LP (UNG), USO

Interesting notes on investor sentiment that shows how confusing this market is:

"We've talked in the past about the lack of conviction in this market, but the results of this week's sentiment survey from the American Association of Individual Investors (AAII) are still surprising.

According to the survey, bullish sentiment increased to 50.9% which is the second highest reading in two years. Three weeks ago, investors hated equities and bullish sentiment hit it second lowest reading in the last two years.

Today, they can't get enough of them. It's amazing what a few up days can do for market sentiment." 
(Source: Bespoke Investment Group) 

As George Soros said yesterday, "we are in a uncertain environment". Aren`t we always?

On the trading front it was a very quiet day for me. I closed my oil shorts on today`s weakness and closed my Emini S&P shorts because I am confused on the most probable course of action going forward.

I am now looking for new opportunities, but of course there`s always room for one or two intraday plays. A professional trader simply cannot sit on its hands, can it? My playground today was Eastman Chemical (NYSE:EMN) and United States Natural Gas Fund (NYSEARCA:UNG). I did well on both. Nothing to write home about, but still ok. It helps pay the bills.

If you are into music today, check out DJ Patife. Nice sound (or som bacana, as they say) coming from an emerging market. Very good and relaxing sound. Perfect for the after market chill :) If not, then take your wife out to dinner. Trading can be very detrimental to marriages/ relationships so its better to keep that in mind. I have many trader friends that blew up their marriages because trading ate their heads. You know what I mean, don`t you?

Disclosure: no positions