Friday, October 21, 2011

Onwards and upwards?

Despite a nasty day on Monday, the markets have held up well, and indeed tonight the Dow went into positive territory for the week. The major indices would appear to have consolidated their move up off the prior lows, and are now primed to make further advances.

As mentioned last week, I am now looking for additional long positions to those opened last week, in accordance with the trend in the general indices, although I was wary in the earlier part of the week following the sharp falls on Monday. Interesting though that one of my remaining short positions has actually broken down again to new lows, thereby showing relative weakness compared to the general market.

No comments:

Post a Comment