Weekly Update: May 22, 2017

| May 22, 2017

Weekly Update:  May 22, 2017

 

What To Watch

The last two weeks have been interesting ones in the market.

Two weeks ago, the market was in a tight range, only to plummet on Wednesday of last week.  Now we’re climbing back up and have recouped the losses.

It looks to me like we’re in a range.

The summer doldrums may be here to mess with the market and the sell in May crowd may be crushing the rallies we’re seeing.

The next few weeks will be choppy and I’m not expecting much in the way of big moves… however, if we do see a breakout… with light summer volumes, it could prove to be a big move.

Our most recent trades, NEM & DOC, are doing ok… so let’s sit tight!

Watch for a new trade next week!

 

 

Category: OTW Weekly Updates