U.S. Dollar Rebounds in Early Dealings > Crude Oil Drops Below $60.00 Overnight > TraderPlanet Reviewer Really Diggs It! > Jim Wyckoff's Morning Blog--Tuesday > U.S. Dollar Steady Ahead of GDP Report > Crude falls to 200 day MA of $73.50 > We are moving to www.buyingvalue.com > Jim Wyckoff's Morning Blog--Wednesday > Is Goldman Sachs Evil? Or Just Too Good? > U.S. Dollar, Gold Firmer in Early Trading > Meeting Mikhail Gorbachev: My Journey > Buy, Hold and Sell. Is That All There Is? > small, consistent trading profits add up > Break Even Before the Holiday - Happy 4th > Russia : Mobile Telesystems - the long case > Grain Market Analysis > Mentor Needed In Times of Uncertainty > U.S. stock indexes are slightly higher > BJ's Wholesale Sales Rise - Analyst Blog > Markets Quiet in Early Trade; Awaiting GDP > Banks (finally) offering help to homeowners > keeping risk exposure under tight control > Crude Oil, Gold in Corrective Bounce Early > Infineon Swings to Profit - Analyst Blog > Iron Condor Nesting in Brazil Index ETF > Rationale for Pre-Holiday Payroll Release > Stock Indexes, Bonds Firmer in Wake of FOMC > Gold selling off heading into end of 09′ > Gold Steady, Crude Firmer in Early Dealings > Building a nice bear flag on the EURUSD > The Ship of State Arrives, and it's Titanic . . . > Sterling: the futures converging to cash > Stalking a bullish trend reversal in TLT > Bloomberg:China Copper Imports to Halve > U.S. Stock Indexes Weaker in Early Dealings > Who will be the next Secretary of Treasury?? > Economic Data Sends Market On A Wild Ride > Stock Market Commentary and Trend Estimates > Chile leads the way for South American ETFs > Quiet Trading Overnight; Fed Decision Awaited > Thrill-Ride Thursday, Finally Some Earnings! > Indices Rally on Greece Debt Rescue Hopes > How Do I Apply Expectancy to Position Sizing? > Two Small Biotechs With Hot Charts To Watch > Key Support And Resistance Levels On The SPY > Does a System Need a High Percentage of Wins? > Trading To Makeup Investment Losses, Good or Bad? > Risk Appetite Returns despite Low Volatility > Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD) > Amdocs Outperforms Expectations - Analyst Blog > Minor Rally Attempts Offer Profit Opportunities

MysteryTrader's Commentaries

Nov 17 2006

Minor Rally Attempts Offer Profit Opportunities

by MysteryTrader
Overall Rating: Average rating is: 0 stars.

5 up days in a row makes stocks overbought. This buying wave should be about over. A 2 or 3 day pullback seems due.

Several modest intraday rallies on Thursday offered opportunities for quick short-side scalping profits. Hold shorts a longer on Friday, even overnight.

The crowd seems too long, so long side liquidation before the weekend would be normal.



Tags: economic-events
More Commentaries by this author

Help Us Rate This Content!


Overall Rating: Average rating is: 0 stars.
Facebook Twitter Digg LinkedIn Bebo Share  
View Comments
Post Answer

Comments

Sign in or Join now to leave aComment and/or rate this content!