Trader's Daily Notebook: Anemic Trading Would Be an Improvement

The dog days of summer are known to be deathly quiet when it comes to trading the major-index ETFs and futures contracts. This isn't a groundbreaking revelation. But when we see trade volumes for the SPDR S&P 500 Trust (SPY) , iShares Russell Index ETF (IWM) and PowerShares QQQ Trust (QQQ) all come in between 50% and 53% of already low levels, it's nearly impossible not to shake your head in disbelief.

Monday's trade volume on the E-Mini S&P 500 futures (Es) was no different. The current 21-day rolling average for regular-session trade volume is a bump over 875,000 contracts. Monday's volume came in around 463,000 contracts. In my view, Tuesday's volume figure will need to top Monday's figure by 150,000 contracts just to reach anemic levels. The bottom line is this isn't the time to be aggressively pressing an active day timeframe trading strategy. Slow markets like this demand a less-is-more approach....404 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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