Patience During Slow Markets

The chart below says it all for today's session. Small cap, medium cap, large cap stocks barely moved today. SP500 futures for example, traded within a $4 range! Correspondingly, SPY traded within about a $.30 range. Quite unusual. If you look at the small cap Russell 2000 index, the story wasn't much different beyond the initial drop at open.

This is where volatility comes to die.

It's during times like this that its very important to be patient and wait for the market to present itself with plays instead of getting headfaked and jumping into the first green candle. Fortunately, our room was able to find APRI. This stock had been down trending for a few weeks but every now and then it pumps on volume because as I've said, stocks that have pumped in the past, are likely to pump again in the future.

How one our moderators, ehughes, was able to take advantage of the volume spike into momentum.

I was only able to capture small gains during this move because I was protecting profits from the end of day DCTH swing (from .44 to .67!), one our moderators took advantage of this trade. We were calling out this stock all day so I'm sure some of our members were also able to take advantage.

There is an adage that half the battle is showing up. Congrats to all the members in chat who were patient and paid attention in chat, turning a slow day into profits!

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