Monday, April 7, 2008

This week

Although this week I am looking for some upward bias as we approach earnings season, we should still be cautious as we are overbought here in the short term.
Above resistance on the Nasdaq is 2448, S &P is 1415 and the Russell is 744. These level would make very high probability shorts on the overbought charts.
Watch for continued strength in the brokers and solars.

Good luck this week

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