Feb 3 2010

Thu, Feb 4, 2010

US Commentary


Weekly Trend: __ Flat
Daily Trend: Down
Daily Momentum: Down

The market has lost its momentum completely. We’re in no-mans land. Earnings are still being released and tomorrow has the all-important Employment data release which will be heavily watched and voted on by the market. The market could swing strongly one way or other. If it swing up be watchful of a short squeeze and any signs of exhaustion. The daily trend is down but its not firmly entrenched. I would not be getting overly committed until after the employment data and some indication of the trend.

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This post was written by:

Nick Radge - who has written 545 posts on The Chartist.


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