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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Tuesday, November 22, 2005

The market is drifting around today with bad internals once more but there remain plenty of players who feel they have been left out who are willing to buy even the smallest of dips that we don't see real pressure on the general index levels.

I'm off doing other things today as I have no desire to make any big moves at this point. I'm in a wait and see mode taking partial profits where extended, buying some dips but all in all, other than the buys in the oil group earlier, I'm not doing much. I'm expecting the strength to persist here for a while and will look to scale out further as the week goes on.

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