Ho, Ho, Hum
On Monday, the Nasdaq chopped around in a narrow,
pre-holiday range.
The S&P was pretty much a big yawn, too.
So what do we do?
It’s important not to make too much of thin, pre-holiday trading. With
that said, the good news is, the Nasdaq remains above key levels–the
200-day moving average/the top of its recent base. I would imagine
that trading will be thin and choppy for the rest of the week.
Therefore, keep it light.
Looking to potential
setups, Nvidia
(NVDA),
mentioned last Friday, appears
to be resuming its uptrend.
On the short side,
Merck (MRK),
mentioned last Thursday, still looks vulnerable.
Best of luck with
your trading on Wednesday!
Dave
Landry
P.S. Reminder: Protective stops on
every trade!
P.P.S. Happy Holidays!
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