Friday, May 28, 2010

Weak Market

This market doesn't give you much time to short.  I am not in the minority when I say that I am waiting for slightly higher prices to sell or short.  That is the problem.  The market is dripping down today and showing a lot of weakness.  And I don't think its because of pre-holiday profit taking.  The buyers are just not eager anymore and more and more investors are realizing the seriousness of the European slowdown.

1 comment:

Petsamo said...

Maybe we're just staying south of SPX 200 day SMA. I'd prefer it if we didn't punch through.