I'm closing the books on today. I caught a couple good trades and have been fortunate enough to take my totals back towards the high of the year ... which really isn't all that good but hey, you are in this game first, to not lose money, second to make money and third to beat the averages. Some years they reward you, and some they don't and so far this one has been one long on promise but short on delivery.
That short covering squeeze, if in fact that turns out to be what it is, has taken the indexes almost back to their early highs and they aren't giving it back up so far. With an hour to go it's anyones guess as to how the end plays out. I would bet on some give back if I had to but I don't have to and so I won't. If they bring them in enough, I'll have a buy waiting on the NDX.
Hope you caught a good trade or two. We've but a couple days left in this window dressing week. The volatility is probably going to remain a while longer as is the range trading. See you tomorrow.
That short covering squeeze, if in fact that turns out to be what it is, has taken the indexes almost back to their early highs and they aren't giving it back up so far. With an hour to go it's anyones guess as to how the end plays out. I would bet on some give back if I had to but I don't have to and so I won't. If they bring them in enough, I'll have a buy waiting on the NDX.
Hope you caught a good trade or two. We've but a couple days left in this window dressing week. The volatility is probably going to remain a while longer as is the range trading. See you tomorrow.
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