All major stock indexes are still propelling upward even in super overbought condition. However, it is getting closer to have a big correction/pullback. It should not be any buying here unless you are daytrading. Bank Stress testing result will be annoucned after tomorrow market close and there will be non-farm payroll number report on Friday. Would these two factors can give the excuse for sell off??!
Wednesday, May 6, 2009
Still overbought !!!
All major stock indexes are still propelling upward even in super overbought condition. However, it is getting closer to have a big correction/pullback. It should not be any buying here unless you are daytrading. Bank Stress testing result will be annoucned after tomorrow market close and there will be non-farm payroll number report on Friday. Would these two factors can give the excuse for sell off??!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment