As I prepare a few charts to explain my thoughts on the year end rally attempt that the charts seems to potentially support, I'm also trading of course. I have taken off all the added positions from last week and am back down to the just FNX and BAA. I like those charts too much and want to hang on to small pieces of them at all times with the latter being one I discovered recently and am simply looking to build a position in.
As for the general market, a little wobbly action that was bought an new highs just made. Looks like they do indeed want to support this market here and the buy the dip mentality seems to be coming into play once more. Chips still struggling and they were the leaders down in that early dip. I continue to look to work trades from the long side in the futures today as I like the way the market is behaving.
As for the general market, a little wobbly action that was bought an new highs just made. Looks like they do indeed want to support this market here and the buy the dip mentality seems to be coming into play once more. Chips still struggling and they were the leaders down in that early dip. I continue to look to work trades from the long side in the futures today as I like the way the market is behaving.
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