The “Dog Dayz of Summer” are definitely here…Low Volumes, Low Volatility, Choppy Range Action. As traders we must learn to accept what Mr. Market gives and take full advantage when an opportunity exists, since it may be a bit longer … Continue reading
Monthly Archives: July 2013
Trade continues quiet and rangebound as Fed begins it’s two-day meeting. Investors/Traders await further clarification on Fed’s intents to begin it’s QE Tapering process…Last month Big Ben released a “trial balloon” and the market’s response was not to favorable…He then … Continue reading
Having reached a peak last week near 1695 the S&P has pulled back to form support at 1670. Price action is now “bracketing” the upper and lower edges. This mid-summer consolidation is anticipated to continue until either 1665 is violated … Continue reading
Price has consolidated sideways for two days following new marginal high last week. This action is a “slow grind” for traders…Support structure remains intact, so path of least resistance is higher as bulls continue to target the 1700 handle. Today … Continue reading
The summertime slowdown is in full force with narrowing ranges and volatility. Perhaps it’s a good time to plan your “beach party” and go have some fun in the sun. If you are a diehard trader that just must stay … Continue reading
Summertime equals Low Volatility…The Average Daily Range (ADR) continues to contract from the historical average of 17.50 handles. The most recent ten (10) sessions have been well below this historical norm…The Volatility Index (VIX) is also currently near the lows … Continue reading