The buy programs kicked in on the NASDAQ a few minutes back driving stops and the price back to almost unchanged. Despite that, the Russell is trading down sharply as are the chips and I suspect we will see the NASDAQ come right back down as a result. I shorted into the strength and though I'm trailing with some tight stops now, I believe the odds are good that we come back in.
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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