The Daily Dose of Trading Comments

Lazy, slow trading has a way of being manipulated and given that this is year end, it certainly has a higher probability of manipulation in the current setting than most. I did book some profits early and brought my portfolio in some as I count down the days, but I'm still waiting for another spurt into week end. I'd be very surprised if there isn't an attempt although, as I said earlier, I'm not playing the bounce with additional longs for a trade as I don't care to shoulder the risk here.

If I did want to walk that line though, I would average into some index longs looking for that trade as the setup is interesting this morning. One more spill today would setup a good trade as performance concerns might cause a little more dumping than would be expected at this juncture. If you look at the general indexes, few money managers are matching or outdoing the indexes and to see their November gains slip away is probably got them a bit worried right now.