Stocks Turn in Bullish Close
Filed Under Market Commentary |
Stocks are definitely looking higher, volume accompanied the move today. Although I do not believe we are entering a new bull market I do believe this will help us move higher for a small time frame. Airlines and Financials are leading this rally, not what I want leading. However, I’ll take the upside. Keep your losses small and new positions small.
I am traveling Wednesday, looking forward to a change of scenery. However, I will still post about this crazy market!
Enjoy!
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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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2 Responses to “Stocks Turn in Bullish Close”
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Hi
I called it just on the fact that “no news is good news” and I totally agree that with is just a “breather” the market will go back to being bearish real soon. Anyways, I love your insight. Keep up the good work!
Hi Tavi!
Thank you and I continue to do my best. This market is for the birds. Just hoping at some point we can get a roaring bull market with tons of fresh stocks for us to ride!
Thanks again.