Doesn't happen this way too often that it catches me wrongfooted. Obviously didn't like the action of yesterday being so low volatility "classic short a dull market", but other factors at play, one of them being my subjective lack of seeing a lot of bearish stuff of social media lead me to not just scratch it. Market outlook also lead to erroneous decision to let go of XOP and GDXJ longs that I picked up Friday close and had such a big profit cushion to let them work a few days rather than closing Monday.
Bigger picture: Do I think this is some type of long breakout in R2K. NO!!! Absolutely not.
Also, I see a chance that this is an funky stutter step prior to a major move the opposite way. I've seen it happen. I took the stop because I play the highest percentage play, not ifs and maybes. I set stops and when they're hit, they're hit.
