Trading todays market on an intraday basis is challenging as there is a confluence of factors tugging at it. There is still too much negative internals though so you have to continue to consider that today and the next day or two may be more about digestion of the move yesterday than anything else. That's my overriding thought process as I approach my intraday trades. On the bigger picture, once the legion of soldiers back this thing up and take another running start at that castle gate, the next hit will be more interesting and have greater potential to find those stops.
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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- It took a while, but when the big short covering s...
- It appears to me that there is a concerted effort ...
- Note, even though I'm short into strength, I'm doi...
- Well, stocks didn't exactly crumble off that lower...
- Yesterday we got another one of those goofy runs (...
- Sometimes it amazes me just how much they can move...
- Well, goofy tunes again here into the close. I'm s...
- I keep looking for an opportunity to buy some SPX ...
- Volume isn't very heavy on this big rise and that'...
- As I prepare a few charts to explain my thoughts o...
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