| 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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Thu, Feb 4, 2010
US Commentary