The indexes are solid green to start the day and unless the confidence numbers disappoint here shortly, there's not much of a fade to the opening buys. Even if they push things higher here, I believe it is way too dangerous to buy at this juncture. The risk to reward is not in you favor. You may not want to short, but buying here is not the answer. The buys come down the road, not here. I'm sitting still with what I have and waiting this out.
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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