Trade Mining

Index markets were everything but kind to the bulls this week. Rapid new lows followed by early morning rallies which failed continually. Potential Fed and political relief were viewed more as a possible trading opportunities rather than anything substantive. Talking heads pleaded for relief but there were no indications that any news would have been anything more than a selling point.

Next week will bring more vol but action enough to begin to build some sort of base. NQ 100
will still be favored but substantial short covering in the SP500 could be powerful.

Trade mining and capturing profits in daily ranges since August 07 requires blending fade strategies which are limited in trade clock exposure. Three of the four components of this model trade only during NYSE day session with one component taking a 'on close' position.