Take Your Sweetheart to Lunch and Day Trade Strong Stocks Into the Close. Tight Range Continues
The market is searching for direction and it will take a major news event to break us out of this range. Shorts tested the downside on Friday and they weren't able to get anything going. Yesterday, the market rebounded and we are back to ground zero. Stocks have fallen into a pattern where they open weak and rally late in the day. That pattern should repeat itself today. The overnight news was pretty good and this decline should reverse itself. European events were mixed but in line with expectations. Industrial production across the EU declined more than expected. This could weigh …
February 14, 2012
• Posted in: Options
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