It’s a bit of a stretch, but the answer is watching paint dry. The market can be so boring leading up to Labor Day, it’s like watching paint dry. (I do realize it’s a lame analogy – but I’m still going with it)
This week for the most part will be riddled with light volume, lack of exciting news and mainly a grind higher.
There should be one exception in the form of a down day. Last week I mentioned that between Friday and Wednesday we should see some kind of a down move to work off this over bought condition the market is in. Friday was down, but it was a really poor attempt at a sell off.
Don’t expect a waterfall decline, only one that changes the conversation for a day or so.
Other than that, there isn’t much to discuss. Swing trading will be relatively light this week as well due to the lack of volatility.
Following the Labor Day weekend, the game should be back on. For the details on the stock market, oil, gold and others, tune in to the video below.