We are seeing a pretty good short squeeze once more take us higher. The DJIA scraped bottom early and then squeezed higher along with the other indexes. I've taken that short position that I talked of taking on this spurt but will guard it with a tight stop now. With DD being such a drag and not lifting at all in this squeeze, I find it hard to believe that we can sky today on this index. If this was a squeeze, then it should back off and the pressure reapplied.
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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- The early bias is mixed with the DJIA negative but...
- TXN came in with strong numbers and is trading hig...
- It comes and it goes. Not much of a bump up on the...
- The rally was attempted quite early and failed. I ...
- Volume remains light and though we have steadily s...
- We got the squeeze higher that is fading fast. I'v...
- Very low volume selling this morning which gives m...
- 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...
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