Narrow S&P 500 Market Ranges to Dominate a Short Week
"Time is your friend; impulse is your enemy." -- Jack Bogle
NEW YORK (TheStreet) -- It's been a pretty quiet day for markets. We did see a couple of stocks break out in a good way out of major, very nice bases.
We should have a pretty quiet week. But sometimes we tend to see some great moves begin during those quiet weeks, such as over the Christmas holidays. It does pay to pay attention all the time.
The S&P 500 SPDR ETF (SPY) didn't do anything today. It traded in a very tonight range. With only three and a half trading days this week, we may remain near $196 without breaking higher. We could also break above $196 at any time -- which is a buy area. Have a great Canada Day Tuesday. At the time of publication, the author held no positions in any of the stocks mentioned. This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.
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