Good Morning,
Not sure if the markets are trading today:) but I do know that they can get slower than this.
Yes, the VIX can head even lower and the summer doldrums for traders can take root.
So, if you say: "I can't believe how bad it is", just remember, it can get worse.
Good durables and home sales today keeps us in the green, although barely. Not much to do today - did get into a DOUBLE FALL LINE trade in the GPB/USD that didn't work out.
Oh well, the flow chart of money management caused me to trade small so, was able to get into another in the NZD/USD and ended green on the day.
Seems like new highs in all 4 broad indexes are only a trading day way.
Earnings next week along with Bernanke, FOMC, claims, and GDP. FOMC should be a dud, but watch claims to see if they keep an average closer to 500k (not good!)
It's the weekend - enjoy!!
From bond futures in Chicago to forex in Park City, I enjoy reading market flows to determine price movements. As an educator and coach for traders and investors, I enthusiastically profess: trading psychology, fundamental and technical analysis, and "inter-market relationships" in order to provide low risk, high probability opportunities for growth, income, and portfolio hedging. A Colorado Buffalo, I enjoy skiing and maintaining an active, environmentally conscious lifestyle: LocalsHaveMoreFun
Friday, April 23, 2010
The Local's Take: Mid-Day Commentary
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