The market tried to lift but couldn't. It's too soon. I've taken what little profits I had on the long setup and am mostly in cash and waiting. Next week, for a number of reasons, gives us the better setup. What we need to see is these general support levels hold on a closing basis today. That would provide what is needed for next week.
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.
You can add comments by clicking on the comments link below any posting.
- There is nothing simple about trading whether your...
- The intraday long setup trade is upon us right her...
- Intraday we got the rinse move on the NDX which al...
- There is positive divergence on this lower SPX low...
- I continue to see the fast money exit the markets....
- When I wrote earlier about not putting on swing po...
- I'm looking for some carry through pressure someti...
- As I sifted through the wreckage of yesterday mark...
- I never know what's going to happen but I'm wary w...
- It's been a tough day for the bullish camp. They g...
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home