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Back To Work Monday!
Posted on 11/26/2007 05:28:00 | Link | Post Comment
Sure hope everyone's Thanksgiving Holiday was a good one. But now the long weekend is over and its back to work today. MLPS had a rare up day on Friday in the overall market low volume bounce. Still it was a 2 point up move on the index which has not had an up day of more than a tiny fraction in the last 3 weeks.
Shooting for a triple bottom in here and we remain grossly oversold so a snapback rally is in order. Whether its anything more than that depends on that dow chart below.
Last week we completed the second 10% correction in the last 6 months. So we are grossly oversold here as well. Stock futures are stronger this morning but off the highs.
Meanwhile we enter December which means tax loss selling along with more mlp supply so we do have obstacles out there. No news drivers this morning on the corporate side and no upgrades or downgrades on the board.
So lets bring on the open.
Shooting for a triple bottom in here and we remain grossly oversold so a snapback rally is in order. Whether its anything more than that depends on that dow chart below.
Last week we completed the second 10% correction in the last 6 months. So we are grossly oversold here as well. Stock futures are stronger this morning but off the highs.
Meanwhile we enter December which means tax loss selling along with more mlp supply so we do have obstacles out there. No news drivers this morning on the corporate side and no upgrades or downgrades on the board.
So lets bring on the open.
- Enjoy The View Since Its Better Than The Mlp Chart!
- Back To Work Monday!
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1 Comments:
Target sales prices are going up!
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