Tuesday is the beginning of some bigger money starting to come back in to the market from summer vacations. The process will take about a week and we should be back at full volume.
Also, tomorrow we will see how oil responds to any damage from Hurricane Gustav. In addition, the ISM Report kicks off a heavy week of economic reports.
I expect some sloshing, chopping, pushing, and gyrating as all the above factors churn and boil in the giant stock market pot. We'll see if any type of direction emerges from this upcoming week of activity.
I will be back to business as usual tomorrow. So I'll work up a watchlist and nibble around on some paper trades and start posting things up again.
Monday, September 1, 2008
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