Online Stock Trading | Dog Days of Summer Hanging Over the Market

Dog Days of Summer Hanging Over the Market


Filed Under Market Psychology |

This low volume environment is giving little excitement no matter how hard CNBC tries to pump the market. Crude Oil’s spike yesterday didn’t help stocks out, but with a snap back like that smells like shorts got squeezed and dumb money trying to catch a bottom in oil prices. I expect oil to hit 100 before it hits $149 price target from the Goldman Sachs analyst. The best thing to do is to avoid this market and enjoy the last bit of summer we have left. Our market will simply drift along here and offer little in the way of gains.

I simply do not see anything in the immediate future I want to get long. There are certainly some nice growth stories out there but this market will simply not give up Monster Stock gains. Until the market shapes up, we’ll see very little in the way of monster gains.

Keep it Simple Stupid, Cash is king, and do no harm.

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