The positive open is holding so far and traders are active in some of their favorite groups, such as solar energy, fertilizers and China stocks. If we can hold up for a while, that may induce a bit more day-trading action and give the indices a bit of traction.
After bouncing over the past week, gold and silver are now rolling back over and the shorts look to be pressing now. Oil is also taking a rest after a good bounce. Technically, this group looks vulnerable to the downside as well.
I have a couple of small trades going, but its all short-term intraday stuff and not lending itself to anything substantial.
Rev Shark Blog Burden of Proof Falls on the Bulls 3/27/2008 4:27 PM EDT With no positive news to keep the market up this week, what's to stop a continued slide down?
James "Rev Shark" DePorre is the author of Invest Like a Shark: How a Deaf Guy with No Job and Limited Capital made a Fortune Investing in the Stock Market. He is founder and CEO of Shark Asset Management, an investment management firm, and he also operates sharkinvesting.com, an interactive online community that serves and educates active investors. DePorre holds business and law degrees from the University of Michigan, is a member of the Michigan Bar Association and a former tax attorney and CPA. He lives in Anna Maria Island, Fla., with his wife and two children. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Rev Shark appreciates your feedback; click here.
RSS FEEDS
PODCASTS
