Lazy Friday Trading

Jun 27, 2014 | by Franck Cushner, CFP®

“Thursday’s World Cup game drew traders away from their terminals and most likely convinced many that an early weekend this week would be ideal.”  You read that right, Folks.  That line made me breathe slightly harder out of my nose, too.   Whilst keeping up with the latest updates on my quote ticker, I opened the SPDR S&P 500’s recent news button with hopes of stumbling across something worthwhile.  Essentially, “the afternoon breakdown started in Copper Futures at 1PM EST nearly on the dot, then the selling made its way into Gold and Silver before tripping the stop-loss algo’s which subsequently drove down the broader-based US equity futures.”   In a low volume, low volatility Friday afternoon of trader, surprisingly enough, I found some comfort in that article.  The losses aren’t necessarily weighted fully on the market, but to some extent pure laziness.  Evidently, I’m not the only one dragging my feet today; the only difference is that I didn’t leave my desk… yet.  Thanks for the news, Benzinga.com, but I think I’ll hang around till 4.  

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