Tuesday, June 22, 2010

Stock Market Forecast - Update


Last week I  posted a chart of what I thought the S&P might be doing in the coming week and so far the market is acting as anticipated.  I think we'll get a few more days of weakness here but at some point I'd like to get long. 

Just because I have a projection for the stock market does not mean I will blindly buy. I will let the market tell me if I should buy or not by looking for signs of strength. If I see an entry to get long the market, I will post what I am doing on this blog.

As you know I covered a portion of my longs last week and actually shorted some of the homebuilding stocks which I am already covering as the market moves lower.  I am anticipating a buying opportunity in the next few days so I'll keep you posted!

1 comment:

Anonymous said...

Thanks Kevin.

You have been really in the zone with your market analysis.

-traderwannabe

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