What a tricky, choppy day today. Hopefully something will wake up these markets later. Check out some examples:
QQQQ chop chop chop
GLD chop chop chop (notice how the colors are opposite QQQQ’s, in the standard gold-to-market relationship)
SMH chop chop chop (I was considering trading it, too… )
… and there are plenty more, but I’m starting to feel like Trader Tim, so I’ll stop with the index charts already… :-)
Often, I go take a nap about now, but I usually wake up and find that I’ve missed a move. So, I’ll try to stick around and see if any buying kicks in around 1 EST, which it seems to often do…