Thursday, August 27, 2009

Market is still moving (August 27, 2009)

For the past 3 days the SPY gave the impression that the market is going sideways....That is true for some sectors but I still see some sectors moving.

Take RTH for example, being the most bearish sector of all...the bulls are continuing to squeeze the shorts.


How about Credit Card companies, aren't they bearish just a week ago....?


How about airlines, isn't there less passengers with the swine flu lurking around....?

There are tons of stocks out there if you could think of a bearish idea..people are bored and looking for somethings to do....no doubt they might get burned one day....But that is how risk management comes in....don't get too greedy and you should be alrite.

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