The Daily Dose of Trading Comments

This market looks and feels very ugly this morning. Sentiment is not something that's easy to trade on a very short term basis unless you get an exhaustion or exuberance type spike that fade. There are times, however, that you get the feeling that one side or the other is really pressing while the other side of the equation seems to be giving up. It feels like the weak bulls are giving up this morning, especially in the chips. Although I don't like to simply take the other side of a trade because I think a washout is at hand, I'm holding my bullish leaning here on a gut feeling that the press this morning is just that ... a press. I may have to eat those words but when I get that feeling in my gut, I try to pay attention.