Thursday, January 8, 2009

Open Thread: If S&P drops below 900 and 50DMA, will the Bear Market Rally End? And what happened to SRS's weak performance?

The market struggled a bit today after December Retail results. However, it has been able to finish in the positive territory, and being able to stay above 10, 20, and 50DMA, and stay in the uptrend. Let's see how the market reacts to the government's data on unemployment tomorrow.

The markets wants to rally despite all the bleak economic news. The coming 4Q earnings from companies are going to be horrible too.

No comments: