I’m late this morning because I have been looking over some charts and looking for new price patterns. Today had been a bit of two sided action. We had a decent move down on the open, however since the second half of trading its been a fairly even match between the bulls and bears. We had one decent trade today going long near the open in the QID. This was a trade off of opening price momentum and maybe also my bias to at least try to fill the gap below us from last Friday. I am up on the day so I closed out the long position in the ETF since we are going into the lunch doldrums. The fact that volume is unusually low today and that my sector watch is negative. the only strength is again in energy. Go Oil! I will be back in the afternoon with another look at the markets and to try to get another decent trade off. I will also do a little recap of what I have been seeing in EBAY action.
