Today, there is an important retail sale report. But major indices are down big at pre-market, due to UK subprime problem. The strategy for today is to watch. I don't expect the market drop too much as the 50 MA has been tested twice a few days ago.
Yesterday, GM/steel and some retails are strong. Today, we are having retail sale report. I guess the retail sales number should be good. It was leaked out early, I guess. Now, the game starts again. Let's see what the market reaction to this retail sales number. (pre-market)
The retails sales number was not good. The market gap down at the open, but coming back nicely, which shows a very bullish sign. I should expect some big uptrend soon. (noon)
Certainly not today, but all major indices closed in positive. I am still bullish. (after market)
Happy Weekend!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment