This summer volume is driving me crazy.
Trading less is the best thing you can do in this market. So far this month I have made about twelve trades, and about half of those, I wouldn’t mind having back, as the doldrums of summer trading is in full swing.
Pre-market strength rarely holds and most of your moves whether to the upside or downside, are simply opportunities to fade and breadth as a whole is quite poor. .
Below are the list of stocks I am watching as fading opportunities for the most part. Some have rallied, but those that have have, have done so into significant resistance. Others have a really solid bear flag that they are sporting, and no volume at all to support the move.
Check them out, but just remember these market conditions can make for some difficult shorting, because the volume isn’t in the market to induce panic.
Here’s the watch-list for the bearish short-setups:
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