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Let’s Start With The Economy Dow Up Over 100 Points Nasdaq And SP Up Just Few Points ?? One Stock In Dow Jones Had Strong News Merck Announced Skin Cancer Treatment Made It Look Like Entire Market Was Moving Up Unfortunately, rally was limited to Down Jones
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The Fundamentals Today 2 Reports Came Out Factory Activity Is Decreasing Manufacturing Down - Lowest Since Last June Investors Still Very Concerned About 85 Billion Month Bond Buying Program
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Market Sentiment More Stocks Closed Down Today More Stocks Are Turning Bearish Funds Are Beginning To Lose Confidence In This Rally Sentiment Is More Bullish Than Last Week Start Seeing Higher Openings And Lower Closings
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Big Reports This Week Friday – Non Farm Payroll Wednesday – Beige Book Economic Conditions Friday’s Numbers Are Most Important Everyone On Wall street Is Waiting For Friday’s Report Market May Move In Anticipation Of Report Starting Thursday Morning
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Will SP Hit Resistance Level Again?
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Closed Out Winning Position
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Current Positions – PFE Stock
Stock Rallied Today Due To Merck Keep Buy Limit Order At $27.00 Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
Current Positions – MGA
Maintain Open Position Till Further Notice
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No New Positions Today Stock Market Too Choppy Stocks Don’t Have Clear Direction Will Consider Range Bound Patterns If This Activity Continues Over Next Several Days
Never Trade For The Sake Of Trading
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Copyright Š 2007-2013 Market Geeks, LLC. All Rights Reserved.