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Thursday, July 16, 2020 11:06:41 AM
On a side note for a few of the loyal longs sitting on their gems.
SPY is an example of having light volume days during the summer months absent of any earth shattering news.That said,SPY can rise a great amount on light volume as it all depends on if there are any sellers.
TMDI is the same way.You can have light volume and still rise as sellers are holding and you push higher.So,we could trade say 1 million shares from a tute adding and rise a fat dime or more.All depends on how slow and steady the rise is.Traders will not have an edge to this because if it is slow enough rise it is hard to say where it stops.
So,didn't want to seem negative earlier with HC on sitting at these levels over the next 10 days or so.ALL depends on who adds and how much.
Tic Toc...This is going to be a great adventure ahead.
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