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Trading the Holiday Grind

August 25, 2012

ETF

Trading the Holiday Grind

It truly is that time once more when volume dries up and prices rise into the new yr. A great deal of individuals are scrambling to prepare for the holidays, even however we had a year to put together. The big cash has already completed most of their year finish shuffling and will be taking it straightforward until January.

The industry is overbought and sentiment readings are at excessive ranges which in the previous have been the start off of huge promote offs and even bear markets. Although I am maintaining a shut eye for a top rated, there is not much we can do but remain extended stocks and commodities until finally the marketplace ideas its hand and distribution selling is in control. The U.S. federal government is the only wild card going into year end that must be on traders’ radars. They have been doing a wonderful job boosting charges in the equities and commodities industry, but can they continue to hold things up when the large funds and the proverbial herd begin unloading positions in 2011?

SP500 Holiday Grind – Everyday Chart

This chart demonstrates the slow and regular grind larger that we have noticed in the S&ampP 500.

I assume this to carry on into 2011 The market in my viewpoint is on the verge of some significant marketing so long positions ought to be tiny going forward.

US Dollar On Pause For A Couple of Weeks

This 4 hour candle stick chart of the dollar shows price testing resistance (a earlier large). I am expecting to see the U.S. Dollar trade sideways or potentially move closer to the prior higher as we enter the new year. A sideways dollar will let the equity and commodity markets to rise.

Weekend Conclusion:

In brief, I believe we could see an intraday pullback early this week and then a grind higher. The pullback would shake out some weak positions before the holiday march larger requires place. I usually never trade much going into the holiday season and new year. I could put on a modest extended place if I like what I see forming on the charts, but that would probably be about it. Light volume can be really harmful to trade since sharp price spikes up or down can happen in a blink of an eye catching traders off guard.

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Rob Trader – Foreign exchange Professional
http://tradingtoollist.co.cc/

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