As fresh summer days turn sweltering, it seems that trading slows gathering the heat for release as new energy in the fall. Summer trading seems sometimes fast, sometimes slow. Kind of lazy like summertime should be; but don't let it catch you napping.
Most noticeable is the diminishing volume as families, and people in general like to take time off during the lazy days. But there is also a daily rhythm change, longer lunches perhaps and lazier afternoons, as most trading seems to take place early in the day. The rhythm is a slower pace like a slow dance, with a lagging shift, as if pausing in reflection before the turn. Activity picks up again in the final hour, as traders wake from an afternoon nap to quickly decide how to position for the next day with final setups.
Summertime, in my opinion, is a good time to learn, a good time to train, and a good time to play, if one lowers expectations and is content with fewer trades.
Happy Trading, Living and Dancing
Today's Pick - GDX
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