Small Trading Range Today In The Indices

Today was a very quiet day in the market with the S&P having it's smallest trading range in 9 sessions.. Whenever I see a small range like we had today, it tells me to be on alert for a possible trending day tomorrow. Notice in the above chart how the Nasdaq is still much weaker than the S&P and has not broken high yet .. If tomorrow is a weak day, you should be watching the nasdaq to do your shorting..If on the otherhand there is strength in the market, your best bet is to go after the listed stocks to do your buying ..for example the brokers showed some strength today especially GS.