The markets have gently rallied off their morning lows, and it feels like we might have finally have some nice, quiet, steady action today.
Famous last words, right? When I wrote something similar earlier this week, the market subsequently dislocated to the downside intraday.
Volume has been extremely low this week and that trend has continued today. I don't read much into that, but it is something to ponder, if only because it's so strikingly quiet.
P.S. Will you be there when Cramer makes his next move?
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Cody Willard Blog Easing Back Into This Market 6/7/2006 9:08 AM EDT A panel conversation presents a case study on the market, and it may now be time to start buying.
Cody Willard Blog A Day Without a Trade 6/6/2006 4:22 PM EDT I continue to be uncomfortable about the near-term long-side setup.
Cody Willard Blog Anybody Selling? 6/6/2006 1:35 PM EDT Given the tone, it's surprising how quiet this group has been.
Cody Willard is the manager of a hedge fund, author of The Telecom Connection, a newsletter published by TheStreet.com and a contributor to the Financial Times and VON Magazine. He is also a regular guest on CNBC's Kudlow & Company and an adjunct professor at Seton Hall.
He earned a bachelor's degree in economics at the University of New Mexico.
Willard appreciates your feedback -- click here to send him an email.
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