Sunday, July 29, 2012
Range Bound Market
While the markets continue to be range bound I took a vacation last week and spent the week up north enjoying the nature. Markets rallied in the last two trading sessions. There seem to be a moderate buying activity in the last two days. However, without a breadth thrust the whipsaw action of the market continues to frustrate the buyers. Markets are in a channel and in a holding pattern. Play support and resistance zones and play small. Do not let small losses get out of hand.