Get Ready To Pull The Trigger
The market was mixed in
today’s trading along with below-a
much reason to do a whole lot in the way of trading right now.
The market, led by the Nasdaq, has pulled off its
highs in a wa
growth stocks are mixed. Yahoo!
(
YHOO |
Quote |
Chart |
News |
PowerRating) is firmly entrenched below its 50-day mo
a
been displaying strength; as seen in
Netease
(
NTES |
Quote |
Chart |
News |
PowerRating).
I belie
great time to take a wait-and-see attitude. I may be saying
not to trade, but keeping a close eye and getting ready to pull the trigger
isn’t a bad mo
Home in on sectors that are acting well and build a strong watch list. Personally,
I am waiting for some signs of accumulation to appear, before doing a whole lot.
I do still believe we are seeing a correction amidst a longer-term
uptrend.
Have a great weekend!
timt@tradingmarkets.com