Friday was an interesting day for me in the market. It captured a lot of what I've been doing right as a trader and a lot of what I still need to accomplish. As I shared with several colleagues, my cycle work has been looking toppy. During the recent market strength, sector participation has been uneven. Yield-sensitive shares have rocketed to new highs, while many others have lagged. Banking shares, in particular, have looked weak. All of that meant that I went into the day leaning to the short side. Given an important jobs number coming out, however, I took no position into the event. The number was uber-strong, the market rocketed higher, and trended higher for most the session. In the past, I would have traded my bearish view, hit my stop, and taken my loss. In my recent trading, I don't take a trade unless everything lines up. The tape action contradicted my cycle view and I stood aside before the number--and after the num...