It has been a nice four days off from writing and trading, but it is nonetheless nice to be back into the swing of things. Expect volume to be very low this week, as we have another 3 1/2 days of trading, which means this week is likely to be ignored much like last week. But if that results in the kind of week we had last week, I won’t at all be disappointed.
Currently we are seeing a positive bias heading into the open with the Dow Futures up 11 points, the Nasdaq up 3.5, and the S&P up 2.5. Overseas, markets were mixed but tilted in the bulls favor, while European markets are showing solid returns heading into their close.
On the economic front today, it is going to be quiet as we have no major reports to expect. The rest of the week, minus Friday, will have a steady flow of reports coming in. As for watch lists this week, you probably won’t see the same watch lists as you are used to seeing. For this week only, I am not going to be posting the daily Trade Stups. Next week, however, I will be putting up the same screens as I always do. In fact, I will have a few screens that I will be adding at some point, specifically geared toward swing-traders only. I’ll keep you posted.
Hope you all had a Merry Christmas and that you will have a Prosperous New Year.