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, December 16, 2005

I'm picking at buys as well

There are individual stocks that are forming nice retraces to support and I'm picking at those buys as well here. Two-sided is what I'm thinking and acting on. On example is GFF which has pulled back to the 50 day MA on reasonably light volume where there is gap support as well.

Gold moving up and it looks like they want to attack that 512 area basis. I'll probably look to take some profits in that area and try to catch it on an intraday retrace if it offers such a trade.

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