Author: mysterytrader@traderplanet.com

Maybe. Buying the dip seems to be working better, all of a sudden. With commodities collapsing, all that money has to go somewhere. Why not stocks? This does not mean that I am giving up my counter-trend, day-trading strategy....

Buying the dip didn’t work on Friday, since stock prices gapped down on news and never managed a worthwhile rally. But that that does not mean the counter trend trading strategy won’t work today. It has been working...

Selling rallies work well yesterday. Today, let’s buy the dip. The forces impacting the market are a mixed bag, so I am looking for a continuation of a trading range, choppy market, probably with an upside bias. Seasonal...

Buying dips is working. Selling rallies is working. Nothing new here. Except to note that small, consistent trading profits add up nicely after a while. Trading this market has been profitable, although not exactly the stuff...

Thursday’s price dip in the indexes on news (of manufacturing contraction, as shown by a decline in the Philadelphia Fed index) looks like a buying opportunity for a trade. Seasonal tendencies should be positive now, so...

Selling into rallies obviously is working very well in recent days, especially fading a strong opening. Buying minor trading dips is working a bit less well very recently, but it still seems like the right idea. These middle...

Big up open expected on CPI news. This is the kind of selling opportunity I’m talking about. I expect significant selling this afternoon as traders even up for the weekend.

My guess is that the rally has more or less run out of steam. The trend already is turning choppy. Note that does not rule out marginally higher highs or lower lows. But breakouts might be false ones, with no follow through....

I am still buying minor dips and selling minor rallies. I am still not wanting to take much risk. I am still not holding positions very long. I am still not holding any overnight positions. I am now trading both sides, both long...

M&A activity and lower oil prices are providing fresh stimulus for the bullish side. The market seems to have regained significant upside momentum, and that usually does not turn on a dime. I am buying minor dips and selling...