Today is a consolidation day. Bears win a little bit over bulls. Bears should be aware of the Bull's last crazy run, which may or may not happen. Bulls should also be aware of Bears sudden attack, that could happen any time, sooner than you can think. Swine flu continues to dominate the news. Bank's stress test will be released soon. BAC, C, and some other banks may not in a good shape fundamentally. If swine flu and bank worry scares continue, the market won’t breakout. Otherwise, the market could leg up again. So play the market carefully now.
Today is a consolidation day. Bears win a little bit over bulls. Bears should be aware of the Bull's last crazy run, which may or may not happen. Bulls should also be aware of Bears sudden attack, that could happen any time, sooner than you can think. Swine flu continues to dominate the news. Bank's stress test will be released soon. BAC, C, and some other banks may not in a good shape fundamentally. If swine flu and bank worry scares continue, the market won’t breakout. Otherwise, the market could leg up again. So play the market carefully now.
Any trading plan for Wendesday?
ReplyDeleteThanks!
No plan yet. It's Fed day.
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