The Local's Take: Mid-Day Commentary

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!!