(See Above) Today was what we call a “Volatility Chop” Day.. The trendless market opens and swings back and forth past its opening price in volatile and sometimes choppy moves without much commitment. At times prices slows down to a dribble. Today the market movement lazily traversed the opening price line 6-7 times in lackluster trade reminiscent of a market on hold waiting for news. The system got us into one trade that caught us our 2 scalp targets of +0.75 and +1.25.
(See Above) Low Volatility Churn Day, the least active of the 5 day types. Subtle rise off the open with a gradual fade the remainder of the session. The system skillfully got us in right at the “warm spots” where we were able to experience the little traction there was. It was a lackluster trading session.
(See Above) Today we ended up with a lazy down trend for most of the session. We got nicked by some volatility on the very first alert of the day to take a full stop out. The 2 remaining alerts, exposed us to 3 points of positive traction each.
(See Above) We experienced another extremely narrow range day with little traction to work with and got hit with another full stop out.
(See Above) Friday we got a burst of buying pressure right at the open and the system caught the move to get us long for 7 points of positive traction.
(See Above) We experienced another extremely low traction week. According to an article at the Wall Street Journal published this week, the past 30 days have been the least volatile of any 30-day period in more than two decades. It goes on to say that only five days during the most recent stretch saw the S&P 500 move by more than 0.5% in either direction, the lowest since the fall of 1995. See full article below. The markets will heat up again as they always do. You want to make sure you are still around when the sleeping giant wakes back up again.