Negative divergence this morning between the NASDAQ and the NYSE. They keep knocking on the door on the NYSE trying to break through the 1227-1228 area as the NASDAQ chips are bucking for bigger gains. On a short term basis, either the NYSE will hold and they will all come back in or vice versa. It could be the latter but I have no strong bias here. Lots of folks happy to make sells into this strength it appears. It's always a question of supply and demand though and right now it appears there is more supply than demand on the NYSE unlike the squeezed chips.
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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