Respect

The tape was incredibly bullish today from the get go.  The over night indicators were mixed, but none the less, it indicated sideways or upper.  I knew I was stuck, but didn't realize it was stuck so bad.

I was uncertain on whether to react and chase, but I eventually did, but a bit later than usual.  Still, I had to respect the tape and what it told me to do.

Is this a reversal in the refiners?  It's chopped around so much, had a few fake break outs and break downs.  It is beat in the context of the big picture.  Regardless, big broad markets do the talking.

I am LONG.

Tomorrow is FOMC day, and there can be excitement at the usual times of day.

Respect the tape, and trade.  DO NOT THINK TOO HARD.