MysteryTrader's Commentaries
Jul
24
2006
maximum flexibility
by MysteryTrader
Overall Rating:
Before Monday’s open, stock prices are indicated generally higher on news of M&A activity, a few good earnings reports, analyst upgrades, falling oil prices, and hopes for diplomatic efforts to resolve the violent conflict between Israel and Hezbollah.
The news changes day to day, adding to market volatility and risk. Reversals are the rule, rather than the exception. I would not expect a lasting rally. I plan to trade very short term with maximum flexibility, moving in and out of positions quickly and easily with minor shifts in momentum.
Tags: economic-event
