I'm running pretty late this morning having stayed up way too late last night for personal and market research reasons. If you want to keep it simple, watch the Russell 2000 and the SMH/SOX. If those two indicators are green, watch the resistance points get attacked. If they pull back further, it's the support side of the equation coming into play. That will be true the remainder of the week. The chips will make or break this rally and I'm considering starting a large long position in that index (SMH) as it's at a critical juncture where it will give a tell soon.
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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