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本帖最后由 ypm968 于 2010-4-26 20:12 编辑
Market trend
Short-term (1-2 weeks): uptrend
Intermediate term (3-4 weeks): uptrend
Morning's rally faded, market closed in red. I hope you took some profits this morning like I did. I don't like S&P, Dow and Russell at this level, they are at top of the channel. Although I think they might be forming a bull flag, I still won't add any position because risk/reward not worth it unless they breakout the channel. Nasdaq is a different story, it has more room to go. Money Flows Charts shows heavy outflows from financials, regional banks got hammered today, KRE down 3.67% with average volume. Technology and health cares continues to show inflows, maybe sector rotation already started. I put RDWR's chart at bottom, it looks like a good trade to me. |
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