Summer Trading is for Two Types of People
- Posted by DynamicHedge
- on June 28th, 2012
1. Trading/market addicts
Trading is dead quiet right now. With the exception of the occasional heart-stopping headline out of Europe the market should get even more quiet as the days and weeks roll on. If you’re a small trader or investor, this might be a good time to exercise one of your only advantages over large funds and institutions by doing nothing. Or at least do less. Pare back your size and save some commission. Get out from behind your monitors and enjoy life a little.
I will be using the slow time to finish a project/trading tool that I’ve been working on for quite a while. I’ve been working with a group of traders beta testing the output of the tool. The results are very favorable and I’m extremely proud of what we’ve accomplished. I will have more news on this in the next few weeks.
For the trading addicts and professionals I present the three charts I’m currently focused on.
$TLT. The equity market runs on money and as long as that money is hiding in treasuries we will likely muddle. Above the blue zone is bearish and below the yellow zone is bullish.
$SSEC. China was one of the last resilient charts in the world markets. I’ve depended on it for an advanced look at US equities for the last couple of months. Now it just looks depressing. Watch for directional cues and where it finds support.
Disclaimer: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please click here for a full disclaimer.
DynamicHedge is an equities, futures and derivatives trader based on the West Coast. He runs a long/short opportunistic relative-value strategy within a proprietary trading group. More
- Conservatism Bias: How to know what new information to focus on
- Sentiment Flip
- Pardon the interruption
- Wait for the market to flex
- How SPY typically trades after a gap up/down on NFP report
- Ebay Monster Gaps
- Ghosts of Death Cross Past
- Yahoo Strategy Ahead of Alibaba IPO
- 3 Important Things To Watch For At 52-week Highs
- Big Down Days: A Lesson from Recent History