The dow has rallied 700+ points off the sell off low of february.It is now at resistance levels and oil+commodities have been trading up.Meanwhile housing is tanking. The market is priced for perfection right now.Should any results come short the market will get hit hard.I am very surprised the market has nt slowed down going into earnings period.
why argue with the market? why try to pick a top? stocks are going up. that's all the information you need.
INTC, IBM and YHOO tonight, should be a busy night. If all report to the upside the dow should make it to 12800+ tomorrow.
if both intc,yhoo report strong earnings,yes the maqrket will hit 13k. I think intc will be flat tho.Banks need to report good earnings or market will tank hard....Bac,wm report this week i think.
There will NEVER EVER be another down day. It would take something catastrophic and then and only then it would only be down a pt or two.
IS it me but I am really getting quite tired of the mkt knowing only one direction. KIlls vol and makes trading VERY VERY boring. I want to see INDU 11,500 in a couple days. That would shake things up. Opps sorry never going to happen, reality just set in/