Friday, January 25, 2008

Friday Pullback

Well it rolled over like I thought it might. The finacials took a breather. Ag. stocks gave up all their gains after a strong opening and technology stocks never gained traction off the great MSFT numbers. Apple especially looks in need of a B-12 shot or something even stronger. It would not surprise me at all to see a test of this weeks lows sometime in the next week.I would welcome it actually as it would shake out the loose hands. In my opinion there is no sticky money in this market yet. It's all fast money and investors are still skeptical.


Stewie said...

get ready to short again. mrkts going next week.

About Me

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.