The Daily Dose of Trading Comments

Yesterday I commented about fading the moves ... up and down. Today has been the same and it's likely that this oversold rally will be punctuated by such trading action. If you have the heart to trade such moves you can make a little change. My take here is that we should still favor the long side of the equation only due to time. That will change in the not too distant future, but right now time is on the side of the longs. I continue to favor that side but to do so not on momentum but on weakness. I also keep working in a short or two when the short covering leads to spikes that spike right into a resistance area. Nothing fancy and these types of trades do not always work, but in a range market they are the trade of choice.

I'm folding up shop at the bell as I've a number of items to tend to. See you tomorrow.