Rally on Shaky Ground

The start of the bounce yesterday was impressive in terms of price but not volume.  This means the market will be nervous at these levels under 1335 on the S&P.  1305 is short-term support.  Also, the dollar has not caught a bid yet, so there is time before this stock market rally gets serious.

09:08 CDT  3/12/08

Leave a Reply

Your email address will not be published. Required fields are marked *

nine − 3 =