And Now... More of the Same!
With all the excitement the US Equity markets has to offer, I suppose that every bit of excitement does come with its fair share of uninspiring action. It's a package deal. I allowed 10 days to go by since my last report, hoping (praying) for something 'new' to happen in the markets, but as the market progressed, and as I now put this together this week, I think to myself: "this looks just like last week!" As I mentioned recently, we are in a market that has been the most "quiet" since 1998, such is the environment we are in.

But there is some interesting development. There may not be much progress in the S&P500, but the Nasdaq moves to the bottom of its range and the SOX actually takes-out some important primary diagonal and horizontal support. This is important because the market has shown us in the past that these two are short-term momentum leaders. Let's take a look at the charts starting with a comparison of the Naz versus the S&P500:

Who is Fernando Gonzalez?
Fernando has over 6 years of high volume professional trading experience, with a long-term track record of profitability. He helped develop the original material and coursework for Online Trading Academy. He has designed and individually conducted courses for over 400 trading students and several hundred others in Lectures, Forums and Intraday participation within the Day Trading Education and Advisory Community. He has also co-authored a best-selling book: Strategies for the Online Day Trader (McGraw-Hill 1999), which reached overall best-seller list on Amazon.com & section bestseller list for Barnes & Noble and other notable sources.