Online Stock Trading | Stocks Set Sail for Another Week of Trading

Stocks Set Sail for Another Week of Trading


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It is Monday morning and the Futures are looking pretty dismal.  After Friday’s action it should come as no surprise all the hot money is looking to exit the party early.  Friday’s action was very positive before and after the release of the “bank test” results from the Treasury department.  At the end of the day the market notched a significant and strong accumulation day.

Leading stocks are holding up pretty well, but we did see ALGT get hit on Friday.  NTES SNDA CYOU all are holding up very well not too mention restaurant stocks are doing nicely:  BWLD CMG BJRI DIN.  BWLD is the strongest of the group.  If these start to crack I would want to trim my positions across the board as it will signal trouble ahead.

The crowd is looking for a pullback and are more than likely positioned for a significant pullback.  If we do not see this pullback look for those not positioned for a run up to play catch up.

Good luck and enjoy!

Market Speculator

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