Monday, December 08, 2008

Stocks Rally



Stocks are in rally mode today with the indices approach their 50 day moving average. The stochastics are reaching an overbought level but there are NO sell signals to go short as of yet. This is a key spot for the stock market so I will be paying very close attention for a possible shorting opportunity if and ONLY if stocks begin to roll over from here. Several closes above the 50 day moving average will set the stage for further upside. We'll see how things unfold.

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