Yep the heavy snowing in the north east has slow trading to a halt on Wall Street. News is that the trading desks are only 20% occupied so little activity.
I suspect the week is done here as the storm is expected to last for another day.
Wednesday, February 10, 2010
Posts
Sorry for the limited posts in the last couple of days but I have been extremely busy. Basically my markers here in the market are the all important banks but I believe another leg down on them will next bring down the technology stocks like GOOG and AAPL. Keep an eye on them folks, note that BAC has broken the $15 level lower and it should break the next level 14.40 very soon also GS $150 level is important and they should give this level a good support level before it breaks down.
Now I must take note by saying , I dont think this downdraft is the ultimate down draft but I do believe the path of least resistance here is lower short term.
Stay tuned
Now I must take note by saying , I dont think this downdraft is the ultimate down draft but I do believe the path of least resistance here is lower short term.
Stay tuned
Tuesday, February 9, 2010
Oversold bounce
Definitely a oversold bounce here in the market, doesn't feel like a bounce to get higher but a bounce to short. As of mid day all I see is a turn around tuesday based on monday's action.
Sick
Hate being sick. I have no voice!!! rrrggg
Why won't winter be gone with this is killing my sinuses
Why won't winter be gone with this is killing my sinuses
Monday, February 8, 2010
Nothing new
Nothing new here- Still watching that 1039 number next and it seem like it really wants it. I was out after 2 pm today but the close didn't surprise me after this more jittery news on the financials. The next shoe should be the technology stocks, stay far from them if you are long and you should be short these.
Friday, February 5, 2010
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