I have been busy working on trading strategies and have not traded much this week. I continue to view the markets as fragile at this point and see potential for more volatility caused by continued turmoil in Greece, China, and now Puerto Rico. Read more »

We have seen a lot of big moves in Tech & Internet stocks recently which I personally find a little worrying. Last week it was Netflix, Facebook, and Google, with gains of as much as 30%. This week we’ve seen Amazon surge 17% making the company bigger than Wal-Mart. Read more »

We have been a fair while now without a correction, however, markets broke to new highs on Friday which has to be seen as bullish.

Friday’s momentum should carry through to the open on Monday, in what should be a relatively quiet session, judging from the sparse economic calendar. Those fighting the breakout could cause some volatility for trend traders as the week goes on. Read more »