Good Movement Today
Partly short covering, mostly buyers looking for bargains.
I don’t think this upswing is overwith. We need to go higher today so that it can make a pullback over the next two days. However, we have to close higher than 1553 for that pattern to occur imo. Bernake speaks today and I think it has the potential to cut both ways. It can hurt or help the market go even higher. I think it won’t matter though and the market will move higher.
The beta portfolio had a great day yesterday, but is giving back some gains today.
Related Posts
Recent Posts
-
Trading Movies 16 Jan 2012
-
80% Chance Of Showers and Down Move 12 Jan 2012
-
Finding A Technical Co Founder, It Ain’t Easy 10 Jan 2012
-
Two Positions and Waiting 05 Jan 2012
-
My 2011 Year End Review Infograph 25 Dec 2011