James "Rev Shark" DePorre, a Real Money contributor, is the author of Invest Like a Shark: How a Deaf Guy With No Job and Limited Capital Made a Fortune Investing in the Stock Market. He operates sharkinvesting.com, an interactive online community that serves and educates active investors.
Sleepy action like we saw on Monday tends to be the setup for drama in the future.
After the action last week what is needed is some narrow range action to create new support levels.
When the market is less index driven and more focused on earnings we should see better action.
This is a market that is tired of the China trade issue and is looking to move on.
The key to trading free of cost effectively is to become a better trader, and the No. 1 way to become a better trader is to have a plan.
The "mini-deal' announced Friday drew immidiate scorn, but it removes an important distraction for the markets ahead of earnings season.
There is buying across the board right now but the question to ponder is how much to chase into the trade announcement.
If the market keeps running up into the meeting between Trump and Liu the potential for some profit taking in front of the weekend will be quite high.
The big question that the market will face Friday is whether we will have a 'sell the news' reaction to the announcement of a China trade deal -- even a tiny one.
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