Dear Readers, we could see potential upside for stocks in the short term with the bulls preparing to lead the charge to overrun the bears. Unmistakably, we are definitely seeing higher lows and lower high being formed on the charts, creating what looked like symmetrical triangles pattern on a broad based basis. This coil-like action could see stocks breaking out either in a thrust upwards or downwards. You can probably guess my bias from the title of my post.
S&P500
Bank of America (BAC) gap up on extremely high volume on news that Warren Buffet will invest in the company. This could possibly be a change in trend for BAC, Change in trend is the areas where investors want to get into the stock as this could possibly be the last time we see BAC under $7.
AIG
General Electric
Direxion Financial Bear 3X
In my opinion, bears are losing their ground. Having said that, we should always keep an OPEN mind at all times in the stock market.
Have a great weekend! Cheers!
S&P500
Bank of America (BAC) gap up on extremely high volume on news that Warren Buffet will invest in the company. This could possibly be a change in trend for BAC, Change in trend is the areas where investors want to get into the stock as this could possibly be the last time we see BAC under $7.
AIG
General Electric
Direxion Financial Bear 3X
In my opinion, bears are losing their ground. Having said that, we should always keep an OPEN mind at all times in the stock market.
Have a great weekend! Cheers!
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