One more quick note before you get too short here, the NDX did not show a lower low but instead a higher one and relative to the SPX, that's a positive divergence. Unless the NDX breaks lower, you can't trust this move lower just yet. I've just bought some NDX with a tight stop for a bounce trade as a result.
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.
- Like Candid Camera, when you least expect it, you ...
- I've taken a few profits on short positions. The i...
- Oil is initially trading down on the inventory rep...
- Nice surprise this morning with our FNX stock as i...
- Despite red across the pond, U.S. stock futures lo...
- Just as sure as we know the intermediate term tren...
- Right now it looks like I gave this market just wa...
- We are entering into the quieter period now after ...
- The price increase in the market is rather sticky ...
- Looks to me like the volume is particularly light ...
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home