Stock Market Video Analysis 10/29/11

From the early October lows when it appeared another leg lower was likely for the markets, the $SPY has rallied 19.7% in just 19 days! I am told it is the biggest monthly gain since 1974. The sudden reversal and magnitude of the follow through emphasize why successful market speculators have to maintain an open mind and be able to defer their own beliefs to the message of the market. Although the conditions of the global economy are fascinating, our job is not to make sense of the why, it is simply to make money. Leave the policy debates for academics and politicians. Trade what you see, not what you think.