After a HUGE move in early September 2012, market is currently digesting the move and this pullback is normal so far. Currently market appears to be testing support area. What might be next probable market move???
Market has made significant gains in last two weeks and currently digesting the move so far. Earnings season is still three weeks out. However tensions in middle east are rising. Our current reading suggest to be alert, WHY?
If you missed last 10 days, then you missed a major market rally. Two important events in past 10 days triggered this massive rally. For now, market remains bullish BUT for how long?
After ECB's detail plan regarding buying "unlimited" European debt, Market reacted with a strong bullish move. This momentum shall last for few weeks/months. Also many are expecting FED to announce QE3 (which will be another boost for the matrkets) but ONLY time will tell what actions FED will take. For now all signs are bullish, so enjoy the party.
Last week, market pulled back in smaller steps and currently sitting at support. Everyone will try to tune in for ECB's comments next week which shall provide near term direction for the markets. What can we expect!!!
What is NYUD?
What is BPNYA?