Well, the bulls got a much needed bounce Friday. I needed it. I'm expecting a little bounce here from the markets. S&P 1090 is what I'm looking at. At that level my longs will be sold. I'm wondering if Sept. won't give us a little head fake higher here before resuming downward. I think a reasonable downside target if support is taken out would be S&P 940-960 area.
Precious metals and miners are the leaders. All traders should know that. Keep your eye on GLD, GDX, FCX, FXI, and SLV for general market clues and direction.
It is a tough market right now.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment