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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Thursday, December 22, 2005

Tis the Season

A pop up again on the opening was met with the usual selling we have seen of late, but once again, prices look sticky and we could be seeing that subtle shift I've been watching for. Although I made a couple buys this morning and have orders in for a few others, I've also taken a couple stops so no real net change. I have physical stops in on almost every position and I'm pulling them up behind moves as they are made ... being as careful as I can not to compromise a stop out on normal fluctuation, but to protect these nice gains we are accumulating once more.

The metals are out of control again with gold spurting some $9 this morning and NEM breaking higher. Our timing on the metals has been impeccable of late. Doesn't always happen that way but sometimes you simply fall in tune and every swing is a hit.

1 Comments:

Anonymous said...

glad to see the beginning of baseball metaphors .....

Now that the days are getting longer it won't be long before pitchers and catchers report.....

Thu Dec 22, 09:37:51 AM 2005  

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