One thing is for sure, action is slowing down on the trading desk. I had a lot of leans that went well today, but none of them bought.
Less plays triggering, even at the trading desk, could be the function of the market catching up to the bettor as previous edges disappear.
But that's not what's happening here. I fully expected a slowdown as we get away from the holiday and NFL playoff boost.
I said before, next stop is conference tourneys and March Madness, meaning these weeks until then, the setup for the post season, are a bit choppy, less clear and obvious, and carry more risk.
This is a function of the market structure and volume differences during certain times of year. I've been saying since this began that we were in a good time of the year and trying to get those overperforming results every week is risky, if not a fools errand.
Just as the market sets up and prepares for the post season, those of us who trade should be doing the same.
This is a much better mindset than trying to force plays amidst all this Hoops action.