Bulls punch through resistance and are challenging March highs. Don't argue with price, shorts are getting clobbered today. The tide shifted when the Housing index (HGX) turned bullish. Traders are thinking the worst is over with housing and they are bidding stocks. Unfortunately, this might mean no rate cut.
INTC, GOOG and BRCM are not joining the party, which is odd and also a heads up. These stocks have been beaten down recently and should be participating. Let's see if that changes. Volume for QQQQ is very light.
INTC, GOOG and BRCM are not joining the party, which is odd and also a heads up. These stocks have been beaten down recently and should be participating. Let's see if that changes. Volume for QQQQ is very light.
This entry was posted
on Tuesday, March 20, 2007 at 3/20/2007 12:26:00 PM.
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