Market just can’t get anything going even after some decent earnings and merger news. Slow boring low volume boring trading environment.
Even though SPY still in a range, action in individual stocks are worrisome and downright nasty. Hardly any relative strength out there.I went through hundreds of chats, all i see is mostly broken charts. So be careful and hit and run trading. If you can’t find any setups to trade, sit out, this is the type of market where many traders give up most their profits that were accumulated over time. Slim pickings as far as watch list. I’ll be mostly watching ETF’s, since there aren’t man strong individual stocks.
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