Cautious
- alphatrends
- April 27th, 2009
The markets continue to display the same action we saw at the end of last week, QQQQ is at another new high today while the SPY, IWM and XLF are more neutral. A lot of people continue to look for the elusive end to this rally, right now the evidence is still not present for a large selloff , but we need to continue to be on a high level of alert at these extended levels. Small share size and tight stops.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Brian Shannon is a full time trader (with 20 years of experience), educator and author of the highly regarded book Technical Analysis Using Multiple... More »
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