Will be taking it easy this week as I dont like to trade much when there is little volume. My postings to the blog might be minimal if we have the rest of the week like today. Tomorrow I will try and make my daily in the first hour as it was like watching paint dry today in the markets. Action was poor and the sell off, although no heavy in the last 90 minutes makes me wary of moves here.
We should see some rotation into the weak strong since it is the first of the month, so watch for the retailers and financials to get some buying. I think that the agro stocks might get some selling in the next 2-3 weeks but we will see, I will make an official call if something sets up.
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- Charlotte, NC, United States
- Bring real information to the average person about the Financial markets. I am a technical trader that uses alot of technical tools such as Fibonacci, Bollinger Bands, MACD, TRINS, VIX to read the markets
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