This was the tight channel that the QQQQ was in today. Very boring day with limited opportunities. Sometimes walking away is the best way to trade.
Makes me wonder though what next week will bring. Are the bulls exhausted, are the bears still alive? I don't care who is in control as long as we don't have more of these flat line days.
At the end of the day both GRMN and the tomatos were tasty
cover GRMN
picked tomatos and shorted GRMN
Tomatos
GRMN
No momo here sold AIG BAC cover TZA, going to pick some tomatos
Bot AIG short TZA
AIG
TZA
Bot BAC
Sold BAC AIG, both are stalled at the moment
BAC
AIG
AIG poking up now too
Bot BAC again
Sold BAC, with markets in a tight channel, I don't see any good opportunities at the moment
After practically falling asleep with market boredom, I saw BAC pop up making new highs
I will endeavor to post charts showing my daily trading activities in as real time as possible. However when there are fast market conditions there will be several minutes delay while I sort out my positions, then get around to posting the changes here. I trade off 5 minute charts in conjunction with 15 min. charts and pay close attention to 5 min. charts of the S&P 500 and QQQQ.