The NASDAQ gave back half of yesterday's gains today. No big surprise here given yesterday's low volume. From a technical perspective, we are still in a trading range so the back and forth is to be expected. The summer effect makes it quite a bit slower and we sometimes have the impression, we aren't going anywhere. This type of trading environment calls for selective trading in order to preserve capital and avoid unnecessary commissions on low probability trade setups.
Thursday, June 22, 2006
NASDAQ Technical Picture
The NASDAQ gave back half of yesterday's gains today. No big surprise here given yesterday's low volume. From a technical perspective, we are still in a trading range so the back and forth is to be expected. The summer effect makes it quite a bit slower and we sometimes have the impression, we aren't going anywhere. This type of trading environment calls for selective trading in order to preserve capital and avoid unnecessary commissions on low probability trade setups.
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