The wheels look to be coming off the wagon right now as the NASDAQ is really selling down fast. There were/are plenty of warning signs out there and have been for a while. Timing a turn is never easy though and it's many times filled with frustration. What's most interesting here is that this must be programs coming in on the sell side given the underlying indexes. Don't know yet if they are speculative shorts or profit taking longs. Stayed tuned.
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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- We are seeing a pretty good short squeeze once mor...
- 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 ...
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