It doesn't feel like there's any light at the end of this down tunnel but be careful as this is the best time to juice things and get a short covering rally to develop quickly. If they give us a good spike, that would be an opportune time to work a few shorts end once the climax point arrives. For now I'm just hanging out, monitoring and doing a lot of sitting on my hands.
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.
- Well it didn't take long to see if the small ledge...
- Yesterday was a slow bounce day for the markets an...
- Today didn't offer a lot although we were able to ...
- Not a lot to say ... a small bounce on anemic volu...
- As the market settles in for the last couple hours...
- I've added a few more oils to the list of shorts a...
- I don't think we can carry a bias today as the tra...
- Yesterday I began shorting a couple of the high fl...
- They finally gave us the break yesterday with some...
- After a day of early strength and another fade thi...
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