Stocks for the Rest of Us
Stock Market Stuck In The Trading Range
The stock market is stuck in a trading range and right now wer’re at the bottom of that range. Unfortunately, I’m starting to feel that everyone knows about the range and is already trading around it. I would be careful picking up stocks here. As I mentioned in my previous post the financials are seeing new lows and the market overall could follow. If you’re short, I would cover. However, I would wait to see if a bounce develops before going into any long positions.
S&P 500 trading range
| Print article | This entry was posted by brian on November 12, 2008 at 12:47 pm, and is filed under Index Notes. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site. |
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