sideways market

"In a sideways market, like the one we have had, every tenth of a point counts."

"Covered-call funds can give you a little additional return in a sideways market."

"Because of the hangover from some of the bubble issues, it probably does feel like a stuck-in-the-mud sideways market for sometime."

"Buy-Write Strategy Could Help in Sideways Market."

So stock prices have moved higher in active trading, and the sideways market of the summer, in which prices oscillate within a wide range, seems to have returned.

In a sideways market trading range, both highs and lows can be counted but this is reported to be an error-prone approach except for the most practiced traders.

"It's actually an all-weather strategy, but it makes more sense in a sideways market," said Christopher J. Wolfe, equity strategist for private clients at J. P. Morgan Chase.

A 'Crab-Like Market' "This has been a crab-like, sideways market and that seems to be the trend," said David Shulman, chief equity strategist for Salomon Brothers.

In 2010 he followed up with another book The Little Book of Sideways Markets, this one written for a wider audience, where he continued to make the same argument but renamed term "range-bound" market into "sideways".

Sideways Markets - In 2007 Katsenelson wrote a book Active Value Investing Making Money in Range-Bound Markets in which he argued that the US stock market will be range-bound for another decade.

"A sideways market to me is a very logical development when you have a confluence of good economic data and good corporate profits supporting the market, but two major uncertainties pressuring it," said Nick Sargen, chief investment officer at Fort Washington Investment Advisors in Cincinnati.