Boom Boom Stocks

Sep 12th 2012 Author By kunal00 Category  Posted in Trade Watch

Evening folks! Flat day in the markets we are consolidating right above our market breakout in a nice tight flag.  Overall we havent yet seen any evidence that the Bull Run is over.  We have the dow jones right near pretty much all time highs.  There are numerous sectors that are near breakout and breadth overall is pretty good.  Now tomorrow we have some fed stuff going on that could put a damper on things.  As always news trumps technicals any day.  How the market reacts to what happens will be key.  Now of recent most of these big news days have been yawners the market will react one way then move against the initial reaction so becareful of headfakes. Usually the first move is wrong

 

 

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