The Daily Dose of Trading Comments

The early buying has faded with some real weakness showing up in the oils, the internet sector and in the small caps. I even see the chips fading now while they were strong early. All in all, it appears it's going to be difficult to keep these balls suspended in mid-air this week given bad memories for traders at the start of 2005. That fear is causing some consternation it appears and making upward progress difficult. Gravity indeed appears to be alive and well as the anti-gravitational forces abate.

In an odd way, this skepticism is actually making the thought of a stronger start to 2006 and more real possibility. I thought the weakness might show itself end of week but as we see today, no one care to hold the bag when the party is done (even if the party's end time hasn't been announced).

I'm pretty much inactive and allowing stops (wins and losses to work). I've no desire to do much in the current environment with the year end within spitting distance.