This choppy market provides good trading opportunities
The confusion being caused by
the S&P trading near its 200-day MA helps provide some good trading
opportunities.
With the S&P deciding what it wants to do while
sitting slightly below its 200-day moving average, along with the recent pick up
in volatility, you can get some nice fills; as long as you have your orders out
there, at your prices.
When the orders come in to the various trading
desks and market makers, the other side of the trade is often more difficult to
find in this kind of market because many participants are watching and waiting.
When these traders are forced to interact in the marketplace they often create
some nice intraday swings to wake up buyers and sellers. Many times these prices
aren’t seen again too soon. You snooze you lose.
Good luck trading and have a nice weekend.
Ken Levey
Kenneth Levey is head of Trading For Connors
Capital LLC. Mr. Levey has more than 21 years of professional trading experience
having previously been Vice President of Trading and a Market Maker for Spear,
Leeds & Kellogg / Goldman Sachs in New York. Ken is a 1984 graduate of the University of
Miami where he received his degree in Business Administration majoring in
Finance.