"Goodmorning...There was broad based selling on Wednesday following the major indexes breaking up through the descending trendline. Despite the lack of volume of late, which may actually be due us entering June, the market looks quite healthy both on a technical and fundamental basis. We do think any advances will be muted by higher oil prices and the fear of rising interest rates...at least until the Fed actually makes its move to raise. We are frankly in a trading range, one in which the bulls are hoping for a break above the January highs, and the bears are looking for a move below the March lows. Until one of those two things happens, its hard to make any further predictions, other than the fact that the market remains in a primary uptrend, and that the trend should persist until proven otherwise."
No new stock selections this morning-we will see you back here on Monday with the market closed on Friday.
O Clubeinvest.com informa que nenhuma da informação
aqui facultada deverá ser entendida como conselho ou recomendação
de qualquer tipo de transacção ou investimento.
