Slow trading week ahead, Bernard L. Madoff gets 150 years
Breaking: Madoff sentenced to 150 years.
This week as most of you know may not know is a shortened week with the market closed on Friday. Weeks like this especially in the summer bring very low volume, BUT on the contrary you can see wild movement on thin volume. So be aware if you are intra day trading. Another key event everyone should have their eyes on is quarter 2 coming to a close Tuesday. This could bring some interesting action near the close tomorrow in accordance with the window dressing theory. Notice today the VIX got crushed after its initial opening prints, this coincides with the window dressing, im sure the vix will get crushed at the close tomorrow, only to pop Wednesday when the fund start dumping all the overbot names they snapped up late in the quarter so they look “smart”, ie they have the names on the books so when they report to their clients they will look like they had all the winners on. AAha! Stay on your toes and don’t over trade this week as opportunities may be there but volume may not be, you could get stuck especially in options with wide markets like ETFs.