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11/25/2005
NASDAQ Composite put on a great performance this month. Beating expectations, what has started as a short covering rally, has emerged into a powerful trend.
Now the question is: "How big of a January effect and the Christmas rally are we going to have". A variety of factors will influence the markets but it will ultimately come down to money flows and investor expectations/optimism. Technically, the picture looks relatively strong and the trend looks safe for now. So we are relatively Bullish.
What will make us change our mind? a). A trend reversal (a big downside week or series of weeks). b). A cold snap in the US which will affect the energy prices. c). The signs of smaller than expected money inflows into the market d). Signs of a weaker shopping season.
This is not a trade recommendation and no one should treat it as such. |
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