Jan 6th 2010

Thu, Jan 7, 2010

US Commentary

Weekly Trend: __ Up
Daily Trend: Up
Daily Momentum: Up

Still not a great deal to report. The market is in a holding pattern after being a little overextended over the last few weeks and it may even take a small breather to the downside. It has broken out but is not showing true conviction to the new move as yet. All trend time frames remain up as does momentum. There is still no reason to think short trades are appropriate.

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This post was written by:

Nick Radge - who has written 898 posts on The Chartist.


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