Trader's Daily Notebook: Session Didn't Cast Much of a Shadow

We didn't expect Monday's auction to produce much in the way of high volume or sustained volatility, and a generally quiet session is exactly what we got. All major equity futures contracts finished the regular session within spitting distance of their opening print. And volume, while not anemic, was on the light side. I believe we can all agree Monday's coast-to-coast solar eclipse won out over American productivity.

Based on Monday's lack of bearish follow, shorter timeframe traders will likely be stalking one- to two-day bounces in names still holding above recent support levels or higher timeframe moving averages. Those not scalping over a short timeframe, however, are apt to sit on their hands and await slightly higher prices to sell into....378 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.