Even though we had a good day yesterday, I believe the market is in the downtrend. Tech heavy Nasdaq still shows major weaknesses among the chip sectors, solar, and the high flyers of last year. Unless we can see the follow-thru from the yesterday strength with heavier volume, otherwise some traders will sell into strength again.
Hold tight and sit with cash and wait for opportunities to come. Join me at my new Money Talk forum at http://moneytalk.go4reward.com.
No comments:
Post a Comment