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Volume has been light and momentum has been lacking, but overall the action has been constructive for swing traders.
FORBES: Big Earnings Coming From Google, Apple, IBM, ISRG
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So short term, swing traders and even position traders need to be watching the debate and the discussion on QE3.
FORBES: Are You Afraid to Trade?
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Amazon (NASDAQ:AMZN) has been methodically trending higher, not necessarily creating explosive action areas for active traders but rewarding swing traders and macro investors.
FORBES: Looking At Apple And Baidu As The New January Effect Stocks
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We have seen healthy digestion followed by some muted momentum to the upside, which has been a bit frustrating for day traders but very constructive for swing traders.
FORBES: Yahoo! Scores, Apple Gets Some Love, S&P 500 Stays Above 1,500
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Last week leading stocks started to get technically weaker, so active traders were stopped out of most swing long positions.
FORBES: Is October Setting Up To Be A Bear Killer Again?