Tag: NASDAQ (NASDAQ:COMP)

And the message is "You never sell a quiet market". That is one of those old market adages that has been around forever and for a reason. We'll see what that reason is after Labor day.

The dog days of summer are dragging on as we come to the final five trading days of August. Besides the Italian earthquake a real tragedy, not a lot happened overnight in the markets. This brings me back to quiet markets which we now have, and it appears that they are just biding their time before something happens to get them moving again.

Indices: All three of the major indices have all of their Trade Triangles in a positive green mode indicating that a strong trend is still in place for each index. Even though each of these indices has been quiet, it does not change their positive long-term trend. I continue to see this group of markets moving higher. Continue reading "Quiet Markets Come With A Message" →

Hello MarketClub members everywhere. It would appear as though the markets have gone to sleep or have been mesmerized by the summer Olympic Games. I believe going to come to an end in just 10 more days as we officially say goodbye to summer. After Labor Day I expect we will see more volume and more direction in all of the markets.

This time of year reminds me of how the markets behave after the 15th of December when most traders check out for the year. If you have not made your money by 15th of December, the odds are against you making it in the last two weeks of the year. The keyword right now is patience, patience, patience.

The way to look at the markets when they move into a doldrum period like we are in now is to look at the big trends before we entered into this quiet period as the odds once again favor a resumption of the major trend. It doesn't always work out that way, but if you're betting with the odds, it is the way to go.

Here are the major trends for each of the major markets according to the Trade Triangles. Continue reading "Just 10 More Trading Days" →