We are heading into a week of anticipation. No, traders and investors are not anticipating major market movement, just the opposite. This week promises to be slow and tedious, not much to write home about.
Then again, the market has a way of breaking promises, so you never can tell. In any case, historically, the money takes a break early on Wednesday and doesn’t come back until Monday, but on Monday and Tuesday, it begins to drift away. Money might never sleep, but it does cat nap here and there, so, expect a little of this and a little of that this week, a week of money taking a break.
Not much going on out there, other than I am noticing more and more chartists writing about the chart patterns that are pointing to a fall for the market. We got megaphones, head and shoulders, wedges, and more, I suspect.
In any case, today’s market movement is indicative of the environment in which we now all exist – a little bit forward, a little less back.
It is a boring market indeed, so maybe we all kick back this week, take a mental break, begin to enjoy a week of Thanksgiving leading up to Thursday when we will enjoy family and friends an express what it is we are most thankful for in our lives.
Yeh, I like the idea of relaxing, something I need to do more of, way more relaxing, yesiree …
Take the afternoon off.
Trade in the day; invest in your life …
