Online Stock Trading | Friday brings an increased level of downside risk but, holds uptrend

Friday brings an increased level of downside risk but, holds uptrend


Filed Under Market Commentary |

Stocks continue to be poised to move higher.  Although there is an increased risk to the downside from Firday’s trade Fear, emotion is running high.  NYSE short interest is at an all time high and the put/call ratio continues to be above 1.  These types of numbers are not consistant with a market top. 

Merger and acquistion news along with earnings will continue to move this market higher.  Shorts will soon begin to cover as we move higher. 

Look for action with leading stocks, GOOG was a leader but has cracked.  I would be paying attention to AAPL and RIMM for their action.  Always pay attention to market leaders.

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