Stocks felt a bit heavy into the end of the week, but managed to hold support near the bottom of the recent multi-week trading range. For the week, the S&P 500 (INDEXSP:.INX) was down 0.7%. And over the past 6 weeks, it’s up just 0.4%. In short, the stock market hasn’t exactly been electrifying.
Furthermore, this type of price action can make traders feel one of two ways: 1) bored and complacent or 2) anxious. The former can lead to a lack of discipline, while the latter can lead to “forced” trades.
Doing nothing is hard. And its even harder when you have to stay focused on your plan. But patience is a virtue.
As August draws to a close, trading volume should begin to pick up. Especially post-Labor Day. With this in mind, I expect some resolution by then and perhaps an uptick in volatility.
This week’s edition of “Top Trading Links” has some great weekend reads to keep you focused on Mr. Market.
MARKET INSIGHTS
The latest look at short interest – Paban Pandey
One million market beaters – Michael Batnick
Concerns for the market into Jackson Hole – Mark Newton
Basic Materials are trying to breakout – Chris Kimble
What are U.S. Stocks worth? – Alex Bernal
Charts inflation watchers need to see – BlackRock
A look at long term treasuries – Greg Harmon
NEWS & RESEARCH
A study of counter trend trading – 361 Capital
The challenges of improving health systems – McKinsey
How the new Tesla models test out against supercars – Bloomberg
A look at the surging demand for lithium ion batteries – Visual Capitalist
Good relationships keep up happier and healthier – Brain Pickings
5 ways to live a charmed life – James Altucher
Thanks for reading.
Be sure to check back next weekend for more links to the best investing research and trading blogs. Thanks for reading “Top Trading Links”!
Twitter: @ATMcharts
Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
