Impressive it was as they powered this market higher jumping right over my stops and forcing me to scramble along with everyone else. What's most impressive when you stop and think about it is that the chips are down while the NDX is making new highs for this move. If this isn't the teflon market, then I don't know what is ... nothing sticks to it. The two most important groups are showing red today (BKX and SOX) yet the market rallies. Maybe I've got a hole in my head being pessimistic here as this market is what it is and that continues to be teflon and rising.
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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- One of the things we talked about two to three wee...
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- The early bias is negative again. They opened them...
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- Yet another short squeeze develops and I continue ...
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