Another short post today because there really isn't much to say. The market was up again today but just slightly and the S&P continues to struggle breaking through resistance. Volume was very low and it does look like traders have started to shut it down for the holidays.
We only have one and a half sessions left this week, and I really don't plan on trading them. I didn't do anything today - really didn't even watch the market - and based on my scans, I am finding very little that would even interest me in this low-volume environment. China stocks continue to chop around but go nowhere and I am even seeing some breakdowns in those names - check out CAAS today. The market could keep griding higher this week much like it did today but in terms of how you play it, I am having trouble finding good ways.
Good luck this week if you're trading - I may shut it down for a few days unless I see some really interesting stuff out there. Take care and enjoy the holidays as they approach.

0 comments:
Post a Comment