Volatile Market Action Continues

Market Monitor: Bearish.

• The overriding theme in this market for sometime has been the credit crunch. The bailout package may help alleviate that concern for sometime.
• All the major magazines in recent weeks have been very bearish. Which is a bullish sign.
• The number of 300 plus days in Market Monitor are up significantly in last few weeks indicating high volatility.
• The earnings season will start in earnest in few weeks time and that will become market focus.
• Current market conditions are not ideal for swing trading. This is currently day trading market.