A Trend Morning
The Qs are down $0.70 as we
approach midday on fairly light volume,
with the Nasdaq lagging the broader indices, and the Semis
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weighing heavily on the Naz. Call it a trend morning after an early failure of
the hourly trend support and we’re approaching the lower hourly Bollinger Band,
as the East coast clock strikes noon.Â
The three-minute trend influence has been the
clearest, and has served as a nice guide for those not at the beach this week.
Despite the early trend, I am expecting a somewhat thin market as we approach
the Fourth, and encourage quick profits and tight trails on anything, as market
depth games are thus far running rampant on both the futures and equities
markets.
Good Trading!
Don Miller
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