Tuesday, April 14, 2009

Yesterday's Market Action

on a day that sees light volume due to the holidays and 2 key economic events coming out today seem suspect.

Today's market action should dictate the short term action in the market.

Commercial real estate broke out Friday and the financials yesterday so it should suggest a new trend is progressing. Additionally, looming General Motors bankruptcy only received a yawn in the marketplace, which tends to lend credence to the bullish scenario.

So buy on dips? and hold on!

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