Boring

by Larry Levin

Although Monday’s trade opened with a bang, it instantly fizzled.  It was easily one of the slowest days of the year.  The S&P500 gapped open lower about 12.00 points…and closed where it opened.  In a word it was: Boring.
 
Volume was low, there was no volatility, and at no time did the market even attempt to make a run.  It was so sluggish that none of the many trading techniques in our arsenal were left unexecuted.
 
We’ll chalk it up to “just one of those days,” and a rare one at that, with expectations of more action on Tuesday.

 

Trade Date: 5/23/11

E-Mini S&P Trades*

(before fees and commissions):

1. No “Secrets” trades filled.
2.  Algorithm positions (0)
3.  “Reading the Tape” positions (0) …combined Secret’s, Algo, & “Reading the Tape” total… +0.00

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