The strength of this tape continues and the short idea is providing nothing of substance so I've stepped aside. You'd have to be an ostrich to miss the tapes strength here and today doesn't appear to be the day for a hero. I'm looking for some sort of pullback to try and catch a little exposure to the north side of the street as we ready ourselves for the afternoon delight this market appears to be setting up for. Heck, if you can beat them, join them I guess, if only for a little while. This stair step higher is making it easy to see the exit points if it is going to break down.
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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