A New Week...

7am EST A new, shortened trading week begins today and we have some key pieces of information coming out. There will be some housing numbers, CPI, preliminary GDP, durable goods, etc. It is going to be a lot for the market to digest. And with a potentially light volume week, we could see some serious volatility in the market this week. I can't imagine a solid directional trade for the whole week, but my bias would be to the up side overall. I think there is potential for good or "not-so-bad" numbers this week, and that can buoy the market overall. I would never expect a 10%+ move for the overall market but I believe the net gain/loss can be higher.

I am staying away from any swing trades today. I am going to get a feel for the market's overall direction before jumping in. Keep an eye on volume and watch the market's reaction to the housing numbers this morning. Until next time, stay low risk..