Serge Berger is the head trader and investment strategist for The Steady Trader
. Sign up for his free weekly newsletter . The last trading day of August came
and went with a decent intraday trading range inU.S.equities despite a slow news
day and lackluster volume. The low volume is, of course, due to the lead up to
the long weekend, which will have even more adverse effects on the market today
and tomorrow. As such, the best way to play the rest of this week is to stay
away. To the charts we turn, and for some perspective and because today we start
a new month, let's look at the weekly chart of the Nasdaq 100. The chart looks
much like many of the otherU.S.equity and sector charts in that the rally over
the past few days has taken prices closer to the point where they broke the
multi-year uptrend from early August.
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