Thursday, January 7, 2010
Overnight Weakness
There seem to be a bit of pre-nonfarm payrolls jitters in the overnight market. Any weakness either in pre market or in the first hour of the regular session will be a buying opportunity. For a daytrade, I believe the close will be higher than the open. I think there is still money that's looking to be put to work on any slight dip. So dips are probably buying opportunities. But beyond Friday, I am bearish due to the lack of bears and overeagerness of funds buying risky assets.
Subscribe to:
Post Comments (Atom)
3 comments:
Sold 1/2 CT @ 1.59
DOLLA DOLLA BILLZZ YA'LLLZ
-OL DAWG
Sold rest @ 1.55 Holla
Nice call, Owl!
Post a Comment