Monday, July 13, 2009

Start of the Week




Four solid weeks of declines it is beginning to abate the power of the sell off is diminished but not finished this is a good time to buy dips we are in a traders market for the moment as speculator look to stick the heads out over the gates and see if they are still shooting.
Earnings pick up speed but as far as the financials go there will be a twist.
JPM BAC GS will post strong and regional banks will take a hit and secondary indicators will be watched closely and if they show any signs of improvements the financials will turn north and they can lead a rally.
Short interest is at a high And I have a few myself which I will look to cover on a dip and start to look for an end to the bludgeoning. Morning prices are coming












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