AUG 13, 2014 History and rumor has it that in summer month of AUGUST the Markets are as slow as a Turtle ! Believing this to be true, I signed up to do some charity work that will take up much of my spare time during this month. I figured that during this 'low volume, Slow summer month", when Congress leaves Washington and Fund Managers all go on vacation, I too could take a break & would keep busy with other pursuits and post occasionally when things present themselves. SURPRISE!! We have faster Turtles this Aug. The Markets seem pretty active, with a correction as July Ended, so lets just look at a few things.
IWM ( & RUT) had warning signs of a double top
Lately this has been a buying opportunity , as the "Buy The Dips, Sell The Rips" mantra has proven effective. What about now? How do the Nasdaq and the $SPX currently look ?