August 1, 2011
The market is at extreme risk lately. The closer we get to the August 2nd deadline for the US Debt deal, the more risky the market becomes as traders continue to speculate all the possibilities. While last month wasn’t stellar, we still finished off the month in the profit zone. The economic uncertainty is causing a great deal of indecision in the markets. Last month was extremely difficult and unpredictable, and while the current debt crisis remains unresolved, we may not be trading for the next day or two unless something really strong comes up. But seeing as a deal is getting near, we may see a stabilization of the market pretty soon. What this means, is that we are going to have to tighten up our trading method and be more careful about our selections, since it is so much more unpredictable. Lets take a look at the specifics:
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