Financial news I consider important, with my opinion, which is worth as much as you paid for it.
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Thursday, May 13, 2010
Everyone is bullish the market is doing better after the dump last week. But I voiced concern if the market can break above the old bull trend line. And the market hasn't. I am getting very skittish that this rally will now fail.
Advice is same mantra as it has been for 8 months, have stops on longs to protect yourself.
For your digestion S&P 500 charts.
NOTE: Longer term, 1+ year, market will fail and go lower. I am undecided for near future.