Volume has been paltry and it's not looking much better today. It's typical August trading.
More Quotes from Bryan Piskorowski:
It's been all rumor and innuendo for the most part, ... People are trading this. A lot of people have already positioned for what they think will be the next move.... It's nice to see a little bit of livelier action.Bryan Piskorowski
The issue with this quarter lies in the fact that you have hurricane-related issues playing into the fray. I think it's going to make for a somewhat murky earnings season,
Bryan Piskorowski
But it's going to be a quiet week. A lot of people are on vacation, there's little in corporate reporting or econ data, Congress is still in recess. We lack drama right now, which means we're going to be left to our own devices, which could be good or bad.
Bryan Piskorowski
It looks like a lack of bad news has brought out a little short-covering. It's a respectable open after the last couple of days we've had, but I'm hard-pressed to call it any trend.
Bryan Piskorowski
We're seeing some good old-fashioned short-covering in over-sold market conditions. There's a 'take no prisoners' kind of market mentality at play. Investors are playing it close to the vest and the feeling is that more can go wrong than can go right.
Bryan Piskorowski
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