Tuesday, December 1, 2009

Today's Market

Find the trend. No really -- find the trend. Can't find it? You're not alone. Over the last month I have seen fewer and fewer charts that in any was resemble a chart that would provide any kind of trade. I'll post some tomorrow to illustrate the point. Essentially we're in an overbought market; there is little strong upside potential. Yet there just aren't that many bearish things happening -- or at least not enough to take a position lower. So we're stuck right now in a sideways/trendless market.