Tuesday, January 13, 2009

R.C. Market Report 1.13

  • Today: We've now retraced 100% of the gains from the santa claus rally. However, market was stabilizing to a neutral stance in today's trading.
  • Tomorrow: The level of support that we tested three times intraday 2-3pm today will be key. A break from these levels would be a major one. But with options ex on Friday and Obama on first trading of next week, a rally might be right around the corner.
  • Bullish: MA, RIMM

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