You're right, it has been a two-speed market this year, with the speculative end in "tin hats" mode pretty much since the XSO hit its 2013 peak in mid-Feb. Come to think of it, the XSO has basically been in a downtrend for more than two years since the GFC rebound crested in early 2011. There were tentative signs of stirring yesterday, but most of the runners closed near the bottom of their trading ranges. Challenging times.
I'm finding these conditions are producing real yo-yo results this month - big wins one day nullified by big losses the next. Just got to keep refining your approach, focussing more on what works in a bear market and less on what works in bullish conditions.
Important to keep perspective if you're doing it tough. Trading is often about endurance, persistence, patience. The good times always come back.
