The Daily Dose of Trading Comments

Volume remains light and though we have steadily sold down off that little squeeze higher earlier, the fact that we are not getting a little better selling makes me think another little squeeze higher is brewing intraday. The market has show reasonable consistency to print money to buyers show see higher prices end of day. I would suspect that they are getting ready for the occurence again given that the selling isn't a little heavier. Until that late day strength is broken, it will continue to occur and the scalpers will buy in anticipation. I looking for an early pop (next hour) that fails leaving for a greater likelihood of some selling into the close where I can reestablish short positions. Bias is down today still and I'll look to sell any rally that extends itself as it did this morning.