Wednesday, January 03, 2007

NASDAQ Technical Picture - Hello Volatility

Despite the increase in volume and volatility, today's WR session still leaves the NASDAQ in a directionless, range bound state. However, the volatility aspect makes for some very interesting day trading setups. Technically, tomorrow is the last day of the Santa Claus rally - Ho.

Economic data: Initial Claims at 8:30, followed by Factory Orders and ISM at 10:00.

2 comments:

Bubs said...

Hello Jamie,

I was wondering if you could link my site. I have been reading your site for a while now and have decided to start my own blog. It is still very new and was wondering you could help me out by linking it. The site is www.bvitha.wordpress.com.

Thanks

Jamie said...

Hi Bubs,

Visited your site and left you a comment. I had GES on my pre-market watchlist this morning as well, but by the time I got to work, I forgot about it. Nice trade!