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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Monday, October 24, 2005

I keep looking for an opportunity to buy some SPX or NDX futures intraday but they keep holding the intraday trend line higher and just are not giving that quick spurt lower. So we wait. No sense pushing anything here. If the thesis I've outline is within reason, then we are too close to resistance to buy and hold again yet too far to start a short let alone too risky. I keep looking at individual names as a result as there's some plays there coming off of earnings.

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