Morning Rally
Filed Under Market Commentary |
Tough to tell if this morning’s rally is due to shorts coming in and covering or
if its the big boys coming in and buying ahead of the FED.
My guess is shorts are covering this morning, going in flat before the FED.
Keep an eye and ear on the action.
MktSpec
Last 5 posts in Market Commentary
- Resistance is Proving to be Too Great for Major Indexes - August 19th, 2008
- Stocks Reversed from Highs in Lackluster Trade - August 16th, 2008
- Low Volume Rally as NASDAQ Retakes a Key Moving Average - August 15th, 2008
- We Are Severely Overbought and the Global Slowdown is Beginning to Show its Face - August 13th, 2008
- Proceeding With Caution, This Market is Shaky at Best - August 12th, 2008
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