Everything seems ok for the trade lower thesis except the BKX. I see it sticking it's head out above the sideways channel bar here this morning and that concerns me. Now it could end up being a reversal by end of day but it's something to keep you eyes on. The merger this morning has the sector juiced.
The Daily Dose of Trading Comments
Here you'll find short quips concerning the market mood and direction posted intra-day as the market dictates and time allows. You can find TATs strategy here. Comments here are from a trader who trades for a living.
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- They early economic news did nothing to bullish be...
- The market obliged the script we sketched with som...
- The afternoon has brought the weakness I was looki...
- Not a lot of movement in any direction as the mark...
- If you look ahead to the Fed tomorrow and then mor...
- The spike down in crude prices on the oil numbers ...
- Other than one purchase just now in some CHRW (tra...
- The early bump higher was quickly sold and the ear...
- The sleepy lift higher that started yesterday was ...
- The trend up held all day intraday. We pushed righ...
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