Wednesday, June 4, 2008

More on Markets

S& P - Falling through resistances 200, 20ema, 50 day. but no big volume. This is going to hang around in this area for a while before it takes a decision to go up or down.
Conclusion : Be on the side line until something develops

Same case with Nasdaq. But if S& P and Nasdaq turns around to upside, i will put money in Nasdaq compared to S&P

Oil and commodities seems to be at an intermediate top. So same strategy. be on the side lines

No comments: