From the Trading Desk

Traders Suffer from Super Bowl Hangover; Stocks Slide in Light Trade

We are going to keep free market commentary light tonight, but we did have a decent day of rest for the market. Lower volume pullbacks are what the doctor ordered for this uptrend. We are now in the pattern of the market opening lower to begin the week only to see us finish higher by the end of the week. This is bullish action, but we need this to continue. Volatility remains low as investors continue to expect volatility to remain low for the near future. The lack of volatility has certainly reduced our opportunity for huge gains, but there are intraday trades to be made padding your portfolio. Despite starting the week off in the red there are still signs this market still wants to push higher. Do not fight the trend.

More to come. Stick with the trend and continue to shed your laggards and ride your winners.

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