A fresh high in indexes but got rejected pretty hard into close. As I said the tone and tenor of market is changing its unable to sustain highs, gaps etc which means market is not as strong as few weeks ago. Individual stocks are working just fine and few of them are runnign double digit percent gains in few hours. But a new high is new high and unless proven otherwise bulls still have upperhand and market is to be played oto long side, though individual short names are starting to appear now.
Sectorwise oil, commodities, stel led while, retailers, homebuilders lagged today.
Follow me on twitter for real time trade updates and watchlists.
www.twitter.com/sidshar
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment