Yesterday’s bounce took the market from oversold to neutral. With today being another Friday in August, unless something out of the ordinary happens, expect volume to be significantly lighter. We’ll lock in our gains in the Daily Battle Plan Model Portfolio on a follow-through.
Making You a Better Trader
To improve, you must continuously learn…
Ernie Chan is one of my favorite researchers and I always enjoy reading his work. I just completed his new book “Algorithmic Trading: Winning Strategies and Their Rationale” and highly recommend it. I immediately came up with strategy ideas which we are now testing and anyone reading this book will be able to do the same.