They jammed them as best they could and almost got the 1200 mark. Volume has been pathetic of late and today was no exception although it was in front of the holiday weekend.
There are a few events that look to unfold this weekend that could affect Tuesday's trading. There's the situation in Saudi Arabia that's unfolding that looks to be benign but you never know about that region of the world. There's the EU votes as well. Then comes the economic data again as well.
As you know, we are extended but the desire for a pullback goes unanswered. That fact continues to slowly drive others into transacting at the current prices. Momentum is always a hard thing to kill. I really need to take that last nugget to heart as it's been my downfall more than once.
There are a few events that look to unfold this weekend that could affect Tuesday's trading. There's the situation in Saudi Arabia that's unfolding that looks to be benign but you never know about that region of the world. There's the EU votes as well. Then comes the economic data again as well.
As you know, we are extended but the desire for a pullback goes unanswered. That fact continues to slowly drive others into transacting at the current prices. Momentum is always a hard thing to kill. I really need to take that last nugget to heart as it's been my downfall more than once.
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home