We did a lot of chart work over the weekend and we have been pretty busy this morning. For those of you who don’t like to look at charts, we encourage you to go to the Members Area today to take a peak. It will help you with trading and keeping your emotions in check.
We have been spot on in calling market direction and from the charts, the bulls are in control. If we start the think about headline risk, the bears are due for an attack and all we can do is prepare for it if and when it comes. The market should trade in a tight range up until Wednesday which is when we expect volatility to pick up.
In the meantime, it is a stock picker’s market which is how we like it.
There are a number of headlines we could cover but we will do that in the morning as we want to take some time to talk about our current trades today.
The market started today’s session lower and has traded into positive territory before turning south as we head to press. The Dow is up 2 points to 13,307 while the S&P 500 is lower by 2 points to 1,436. The Nasdaq is off 14 points to 3,122.
Subscribers, check the Members Area for the New Trade updates.