Market Outlook

I don't believe the risk/reward is great for buying or shorting at the current juncture. Those with bullish tendencies might want to wait for a possible pullback as we are right up against resistance and we might still see a pullback early this week. Those with bearish tendencies should probably wait until after the turn of the month even though we could see a pullback this week. I suspect hedge funds are still de-risked and that might give the market a bid as they chase the herd.

3 comments:

Anonymous said...

aapl and GS both lower? go figure.

Tsachy Mishal said...

GS had a terrible quarter. AAPL did not beat by the wide margin they usually do plus their is the uncertainty of the iPhone 4 problems. I don't expect these guys to outperform.

Random Thoughts said...

Mammary Monday - Laura Leigh Siani