3/25/2008

Quarter end effect

Market Monitor: Bearish

  • As expected the market continues its rally however volume was low.
  • Some of the IBD kind of stocks have started breaking out. However in many cases convincing volume is not there.
  • Month and quarter end dynamics should keep rally going for sometime.
  • Soon we will be in to pre announcements and earnings season, so more EP opportunities of right kind will present themselves.

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