Now that earnings season is winding down and for most part earnings have been decent. Market is taking a pause before making next move. What shall we expect next!!! Nothing has changed on below BPNYA chart, as it remains well above 70 mark suggesting to be cautious and market entry at this level could be riskier. Volatility continue to remain low and market continue to hold its level for now. Consolidation is very clearly visible in below NYSE daily chart. Market had a very good run from beginning of this year and chances are most likely market will undergo pullback or sideways. However let's not forget that market may continue its final journey higher after few more days of consolidation. Based on weekly NYSE chart below, it looks like market may have some room to run higher before it starts a correction. What does this mean for our Investments?
Market undergoing consolidation mode, remain cautious...
Clint
2/11/2013 08:21:49 pm
Nice site, very similar trading style to what I use.
Aaron
2/15/2013 03:55:24 am
Man, this is one nice site!!! Comments are closed.
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