Good Morning RWO!
Futures are so a little positiveness this morning on the back of some good oil news. Could today be the day we finally make a run for 20K? Only time will tell. This morning we will get numbers on pending home sales but unless it comes out with a big surprise I don’t expect to move the market much.
Rick had to put his mother into hospice care yesterday. If you have ever been through that process you know it is exhausting. He will not be around today and I would not be to surprised if he is out for the rest of the week. Please keep Rick and his family in your thoughts and prayers.
Although we have bullishness this morning and the possibility that the bulls will push for new highs we must also keep in mind that volumes will likely be very light. I know it’s very hard to sit and wait but over-trading, an anemic market is a rookie mistake you don’t want to experience if at all possible. If you do decide to trade keep your positions small and be willing to take profit quickly if the market shifts.
Have a fantastic day!
Trade Wisely,
Doug
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