Bulls on the run
June 29, 2006
Month End + Quarter End+ Long Holidays + FOMC+ Upcoming Earning Season+ High Short interest+sentiments = Bull Run
Hopefully you have your buy list ready.
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We will see how this move plays out. But if you study market bahavior post Fed, usualy the move reverses and the predominant trend becomes clear only in 2-5 days after the Fed decision. Do I think this bull run has legs. May be for 2 weeks. Does that affect my trading, no, I trade individual stocks and my market observations seldom affect my individual stock buy decisions.
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