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Day Trading Opportunities Are Everywhere

ByNicholas Santiago
Published 05/16/2013, 06:27 PM
Updated 07/09/2023, 06:31 AM
CSCO
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BHP
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GOOGL
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BHPB
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SAVEN
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WPM
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GC
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HG
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SI
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SCCO
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FISI
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Almost every trading day we hear about the stock market making new all time highs. Yet there are stocks and commodities that are in bear market territory. Trading volumes are some of the lightest that we have experienced in the past ten years.

Many retail investors and traders are now gun shy in this stock market since the former leading stocks and sectors such as BHP Billiton Ltd. (BHP), Silver Wheaton Corp (SLW), Southern Copper Corp (SCCO), SPDR Gold Trust (GLD) have stopped rallying. The new market leaders have been the financial stocks, housing stocks, and Google Inc (GOOG). In this light volume environment it is very easy for the large financial institutions to keep the major stock market indexes floating higher. After all, remember the old market adage that states you should never short a dull market. A dull market is a light volume market and that is exactly what we have been seeing every trading day for months.

Now, this does not mean that you cannot make money on a daily basis? Just today, I gave out a short trade on Cisco Systems Inc (CSCO) at $24.12 in our Intra Day Stock Chat. The stock is now trading $23.49 a share. That is a 0.63 cent decline in just a little more than one hour.

CSCO

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Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
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