Monday, July 19, 2010
Another Trend Down Day
We are setting up for another trend day to the downside. We got the eager beaver Monday morning traders buy the open and that buying has quickly dried up. GS earnings and housing data are coming out tomorrow morning, we could see anticipatory selling today. No strong feel, but it looks like we are set up for another trend down day. I am short.
Subscribe to:
Post Comments (Atom)
Posts
3 comments:
I disagree.
They will reinstate unemployment insurance later today.
I think we close higher.
I think people will sell the news on GS earnings Tuesday. The stock has gone straight up 12% so far.
The market will go lower the rest of the week and move up the end of the month.
Guessing today's direction is tricky. China & India raised their markets but Europe dropped some.
I would be surprised if the range for today has not already been set. Looks like a quiet day to me.
Post a Comment