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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Friday, November 18, 2005

Well, they just won't give it up. Every dip this afternoon is find buyers and I've pretty much wrapped up shop now. I cut my position size just about in half today booking a bunch of gains from the weeks trading. I wish it were as easy as black and white but it really isn't. It's a lot of give and take, push and pull.

Unless there is a heck of a run in the last half hour, this market will end up with some stains on its shirt going into the weekend. That bothers me on the one hand while the normally positive Thanksgiving week of trading lies in front of us. I've toned down my bullishness a bit as a result and will concern myself with a more thinly traded market starting next week.

Have a great weekend and I'll see you here then. Best to all of you.

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