- Today: Market retreated after 2 weeks of low volume rally. We now sit on the support formed by the crossing of 50 and 20 dma.
- Tomorrow: I'd expect the downward momentum to continue but to a lesser degree than today. However, Obama is scheduled to make an important speech in the morning and that may change things. Friday's jobless claims number will likely be the catalyst to move the market so tomorrow may not have a big price movement.
- Currently: Long BIDU; Short MON, CME, X
Wednesday, January 7, 2009
R.C. Market Report 1.7
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