8:00 AM
The pre-market is up. Don't get sucked in. The trend is definitely down from both daily and weekly TA. The re-bounce should be very weak. If long, you have to give your enough time to monitor, otherwise, stay short that you don't have to monitor too closely.
9:20 AM
MOS is in a perfect h&s formation. Short a small portion right here around $64 with stop $65.5. Once it breaks the neckline around $58. Add short position.
1:00 PM
All indices are up around 1.5%. Taking almost all the loss back from yesterday. That means that at current level, bulls and bears are really neck to neck. The market leaders are taking rest, AAPL, GOOG, RIMM are not advancing too much.
8:30 PM
I am still very bearish. The well street is getting ready for the recession. GS upgraded the strong segments, big cap biotech, defense, and tabecho; others belong to downgrades.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment