The market grinded lower today. Although I found some reasons to be bullish in last nights post, there is nothing bullish in the charts of the indexes. They all look to be consolidating before making another move lower.

We are about to enter what is historically terrible weeks for the market. And if history is any guide, that will be followed some of the best moves of the year. I am now looking forward to that.

This is a holiday week, with the US market being close on Monday. This week will be a low volume affair, with perhaps some movement to the upside on air. Even with the indexes looking terrible, I have new charts to add to my Watchlist, but I am not looking for home runs in these. Just quick trades for a percent or two, maybe more if the market is acting frisky.

Trade Ideas for 08/31/10:





Good luck and good trading!