MysteryTrader's Commentaries
Jun
15
2006
Harvest Time
by MysteryTrader
Overall Rating:
I had to probe the long side only to cut loss a few times before catching the market pop on Wednesday afternoon. It looks like the news is good news pre open. I will be using this indicated higher open to take short-swing profits. If a normal post-open minor pullback materializes, I'll try the long side again. I think an upside bias could last a few days, given the depth of the oversold condition this week. The very weakest stocks and commodities over the past few weeks could snap back the most.
Tags: futures-trading | contributors | economic-event
