Hello traders
Today the market again remains quiet but selective opportunities still exist. The Nasdaq was the only index to finish in positive territory Monday thanks to strength from Google ($GOOG) and Apple ($AAPL). Like we saw several days last week, stocks were weak early but surged in the afternoon to erase losses.
Now if you are going to trade this month, know volume is extremely light and stocks feel like they get blown around by the wind, narrow your focus to a small handful of stocks. If you overtrade, you may find yourself chopped up in this type of tape, and there is no reason to dig yourself a hole.
New Trades ($AAPL) bullish put spreads 620/615 for ~.70c
Tomorrow, we have news, ( PPI and retail sales) so lets see if we can break over the $SPY 1405 area
Key Levels on $SPY tomorrow
P3 = 142.15
P2= 141.35
P1= 141.05
Mid= 140.55
-P1= 140.26
-P2= 139.75
-P3= 138.95