The Daily Dose of Trading Comments

For the past few days we see the retail crowd buying early yet being disappointed. In other words, we start higher but finish lower in dull listless type action.

Yesterday I added some names to our portfolio as I spread some risk back to the long side looking for that fabled Santa Claus rally to visit Broad and Wall. We could be fooled and disappointed or maybe not. Despite the persistent weakness yesterday and the late selling in the small caps, there was a sign that they may want to turn this for the holidays yet. This morning it looks the same. Let's see if they take away more bonus points today as well. It won't take a lot to get a short covering rally going with this thinner holiday volume so beware if you are part of the short crowd.

With my portfolio with but 13% cash, I'll turn to the futures again for extra juice soon if it appears it's time. I do have a few orders in again this market as I've been busy mining the charts looking for individual stock set ups to buy. Just a couple shorts and note I'm trailing stops closer now to lock in those profits if we turn.