Dow closed green a second day at 111 pts. This could be a nice reversal. However Feb was said to be the worst performing month. So cautious is the word. It's a good time to buy for some stocks now as they are much cheaper than before. Charts are giving me a buy signal based on my rules. S&P500 Futures are showing very green all day until now which is moderately green. Tonight there will be a release of employment report which will determine the early sentiment, which I think may disappoint. Could be a pause for the bulls and hopefully bears are not out again.
Wednesday, February 3, 2010
2 Days of Rally For Feb
Dow closed green a second day at 111 pts. This could be a nice reversal. However Feb was said to be the worst performing month. So cautious is the word. It's a good time to buy for some stocks now as they are much cheaper than before. Charts are giving me a buy signal based on my rules. S&P500 Futures are showing very green all day until now which is moderately green. Tonight there will be a release of employment report which will determine the early sentiment, which I think may disappoint. Could be a pause for the bulls and hopefully bears are not out again.
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