Morning Thoughts 12/16/10

AdamAdam Grimes's blogsLeave a Comment

Good morning traders, The market has spent the last 3 days in tight, textbook consolidation.  We have seen the typical and expected sector rotation as traditionally defensive sectors have slightly outperformed on the dip.  Healthcare, of course, has been in play due to the recent political maneuvering, and we have also seen Industrials hang on to a bit more of … Read More

Morning Thoughts 12/15/10

AdamAdam Grimes's blogsLeave a Comment

When thinking about your market view, it is important to be very clear on your timeframe.  As most of us know all too well, it’s very common to be right on one timeframe, but to lose on the timeframe you’re trading.  From a longer-term perspective, there is a very high probability that this market is a buy for at least … Read More

Morning thoughts 12/14/10

AdamGeneral CommentsLeave a Comment

Good morning traders, Yesterday was kind of a non-event for the US Markets.  We made multi-year highs overnight and opened higher.  As often happens, the entire move happened overnight and buyers were reluctant to bid up the already marked-up market.  At the end of the day we did see some selling come in, but it really seemed to be a … Read More