Tuesday, March 2, 2010

NO CHANGE

Today's price action in the market was bearish, but not enough to move my outlook from neutral. The volume is still very light which is a big reason why I haven't turned bullish during this latest move. Some of you might feel frustrated that you missed a bullish run. Don't feel that way. There will be plenty of opportunities to make money in the market this year. Keep an eye on GS, MS, AXP, and COF. Wait until they drop below their 10 day MA for confirmation. They are all at a key resistance level and their 50 day MA's are all trending downward.

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