Hello Traders,
Where are the sellers and what will get them to come out?
We were just warned by Bernanke that job losses will increase, but the pace has slowed. Is a bad job numbers built in?
If you remember the past few job numbers, we rallied on worse than expected numbers. Now what, a better than expected and we break?
Earnings are, well earnings - all over the place, but the stock market keeps rolling along.
At some point it will be overbought. Until then, if you go with the short term bullish trend, make sure you are buying dips or breakouts as your risk to reward is much better.
Happy Trading,
Trader B
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