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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Friday, August 26, 2005

My schedule has been hectic today with activities outside of trading and thus the absence of posts. The market looks to have found some sort of bottom here and is starting to trade up on that notion. I thought we could get a short covering rally at some point and this may be the start of it but I'm not able to do anything with it given my inability to monitor positions closely into the close.

Oil taking a hit finally and that is further pressuring those oil stock shorts we took on. The metals, on the other hand are really struggling still. I've been extremely inactive today but the portfolio is doing OK so what can I say.

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