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本帖最后由 ypm968 于 2010-4-28 19:46 编辑
Market trend
Short-term (1-2 weeks): sideway or down
Intermediate term (3-4 weeks): sideway or down
I don't like today's market action. Yes, S&P up 8 points 0.65%, but Nasdaq was flat, Russell only up 0.16%. S&P tried to retake 20-day moving average, failed then pulled back. It's stuck between last low 1183 and 20-day moving average, I don't want to add long or short here, but I bought some puts to hedge my position. Judging from chart, I believe there is more downside risk. Money flows chart also shows $786 mil outflow from Dow despite the index was up 0.48%. |
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