I don't think we can carry a bias today as the trade can take this either way here. What I'm doing at this juncture is looking over the charts, making a few short sells in the energy area for some short term trades, and waiting on the market to make a move either way of size and then look to fade that move. I was able to get a couple early trades in on the short side with the DJIA futures, but am waiting now for some stretch move. I would prefer that move to be up as buying weakness is going to be a lot harder.
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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