Evening folks! flat week in the markets as we are consolidating our previous gains as the market works off its overbought condition. We have a lot of potential catalysts this coming with with many more earnings releases along with Gdp report and jobs number. August since I have been trading has always been the trickiest month to trade so becareful this week if your having an off day or an off couple days cut your position sizes down a bit or take a break. Often even a sideways market can chop you up and there is always someting sneaky that comes out in august. Good thing is it is earnings season so we should get a lot of potential daytrades from earnings releases that will be move regardless of market conditions.
Here is a look at my take on the market indices.
[screencast url=”http://screencast.com/t/tUNqvmwI” width=”” height=””]
[screencast url=”http://screencast.com/t/zftRVxwR” width=”” height=””]