Key to the market here is to keep nimble. With alot of earnings slated this week we might see some rebound in some areas. Right now we are short termed oversold and I would not be surprised if we moved down tomorrow and mount a rally. Right now I am looking for at least a test of 1207 on the S&P and this would be a good spot to mount some kind of earnings rally. I do believe lower prices are coming but right now we seem extended and since we are very news sensitive here with the FED, banks and earnings I would stay light.
No need to jump in front of the bus here.
Anyone see where SKF is??????
$100 higher than the last time we bought. Man we sold too soon...
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