Billions of dollars flow in and the market goes up. Sometimes it really is that simple especially on the first day of a new month.

The bulls proved they remain in charge and are ready to rumble as market pros get excited about those end-of-the-year bonuses. I'm looking for an opportunity to take the other side of the trade, but I'm still not seeing it so I refuse to force it. Instead, I've opted to ride along using relatively tight risk parameters and highly liquid long positions (i.e. high-volume etfs). I don't like it, but you have to take what the market gives you sometimes. Like usual, overthinking this rally is a recipe for underperformance. It's all about perception and emotion. Nothing more, nothing less.

Ultimately, you almost have to have a death wish or a strong desire to play the hero to fight against this tape. I have neither even though I have to admit I would very much like to play the reversal. Waiting patiently for that is going to require much more patience than I first thought, but I remain confident that the reward will be there if I stay in control of my emotions until then. For now, I have to put my brain on ice and just go with the flow. I think I can do that for as long as necessary.

Have a great evening!