Friday, April 18, 2008
Taking Notes
Just a brief note re: Thursdays market action. I couldn't help but noticing that XLF(yes the financial sector) was the top performer for the day. Led by the $XBD(broker/dealers) and followed by the $BKX(banks). Also the $VIX broke down and closed below a long running trend line. This may well be a very good signal for the overall markets. Is the bottom in? Hard to say. Is a very opportune buy coming up? Answer is YES. We could be getting a "Buy in May and Go Away" instead of the old "Sell in May and Go Away". I'll try to get back to my weekly update this week but my schedule has been very busy. Stay patient, good things will come about.
Labels: Taking Notes
Subscribe to Posts [Atom]
Subscribe in a reader
