Lazy Summer Trading

The pick of trading plays has dried up this summer week, as another quarter ends tomorrow.  Those penny stock plays that were thriving a few weeks ago are silent too.  I feel the quiet before the storm. Or maybe I’m just being lazy, but I see no reason to work too hard trying to trade a market without a trend.

I am watching ERY, as the pullback on the daily fills the gap, but not in any hurry there,  as the moving averages flatten out.

XAU  is trying to form a lower high on the daily.  I wouldn’t trust the pattern though.