I'm a day/swing trader but I always find that it helps to understand the environment that we're in and when things can change instantly. For instance, I haven't paid this much attention to oil until I realized it was in the 70s! At that point you're thinking no way can it go lower, but look at it now in the 40s. In hindsight we'll find out if oil was in a bubble. But when you see this unusual movement it makes me wonder what other things have I missed. And it looks like I've missed a lot!
Margin Balance hasn't made a new high in almost a year
Equity Markets usually lag but see no sight of slowing down besides NYA and IWM having a volatile few months
IBB is the most speculative sector out there and these parabolic movement always come to a fast and crashing end. But no signs of a slow down yet.
With all this chop in the market the beginning of this year I would NOT be surprised to see much more volatility, buying the dips failing, and nothing like the "easy money" environment (take it with a grain of salt) we've seen the past 3 years.