Aug 02

Strength Sustainable Into the Closing Bell?

We are witnessing a potent rally so far today. The BIG question will be whether or not the indices will be able to preserve the strength into the closing bell... which will provide us with important clues about the quality of the underlying buying power that managed to show up this morning... (and whether or not we should even consider remaining in our short positions). Let's have a look at the Q's...

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Mike Paulenoff is author of www.MPTrader.com, a real-time diary of his technical analysis & trade alerts on ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international markets, plus key ETF component stocks in sectors like technology, mining, and banking. Sign up for a Free 15-day Trial!