7/05/2007

Market Monitor

  • Holiday and half day resulted in a low volume bounce. The market wil most probably give up some of these gains.
  • Some weeks ago leaders looked vulnerable, but now almost all of them have recovered smartly and are all set for the earnings season.
  • There continues to be pockets of good momentum, but overall market has been stuck in range for few months now.
  • Shorter holding periods with tight stops is the strategy well suited to this market.

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