I see no positives in this market this morning. The only positive is that the market is becoming stretched to the downside and although yesterday alleviated that a bit, the situation remains. Market breadth is negative and not improving much as oil trades back towards $70. The oil stocks are the only real strength as a group. It's choppy and there are many who want to believe that yesterday was more than a blip but that's a dangerous place to be right now.
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.
- I've been without power this morning and have move...
- Not the best nor the worst of days. Precious metal...
- Despite my views on the day, I've done very little...
- They did break the indexes topside and I'm looking...
- Other than the early cover of some short positions...
- I've booked some of my shorts outside of oil this ...
- Market weathering this storm well as the futures c...
- The pressure on the equity futures has eased quite...
- I write late tonight as I've been trading the futu...
- The wrap this afternoon is brief. The market conti...
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home