With but a couple hours to go, the resilient market continues to hold up well. There just seems to be too many people that feel the need to buy no matter how small a retracement occurs. I'm biding my time and treading water so to speak. We have seen strong closes for a while now and you almost feel like we are setting up for another attempt the way things are shaking out here today. Given that I'm still hedging, I don't like that thought but will deal with it as needed. Can't say that this has been one of my better trading days as the gut feel for some weakness has yet to pan 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.
You can add comments by clicking on the comments link below any posting.
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