Very low volume selling this morning which gives me little confidence in a continuation lower early. I've made a couple quick short trades but have booked them and am waiting to see if the bulls want to step back in here. At some point there will simply be a lack of buyers and that's when things will cool off quickly. Until that situation develops though, you have a large group of traders who are unwilling to step in front of this train and actually continue to stand on the tracks for any length of time; yours truly included.
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.
- The first half hour shows little in the way of set...
- After taking some time off to reflect on where we ...
- I started the day thinking that finally, finally t...
- This market made a statement a couple weeks back w...
- I cannot begin to explain the depth of my disappoi...
- Strength in the small caps is building again as th...
- These are quite dangerous times for the market bec...
- There is a stampeed into the biotech arena after t...
- There was a time when a little more sanity ruled t...
- The day was one of strength and it lasted all day....
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