The market continued its sell off today and it looks like it's about to be done with this particular leg as it is getting oversold at this point. So I am inclined to think we will see a strong rally starting early next week and we will see if the market can finally resume a bullish posture by turning the trend bullish again. The market is concerned about economic growth and that has been the selling excuse. But just like we hit a "soft patch" last summer and the Feds intervened, any more perceived weakness is certain to bring more Quantitive Easing and therefore more upside. I am staying put with my long positions.
Have a great weekend.
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