Tuesday, March 22, 2011

Indecision --- Market Doesn't Know Where US Economy Is Headed

SGS is Short (as of close of 3/16/2010)
RTS 20110317 Short Portfolio (Bench Mark)
My LT Portfolio

SPX was sandwiched by the two immediate trend lines (shown in orange) today. The fight between bulls and bears was a tie, but  bears will get one more crack at dragging indices down tomorrow.  I think they'll get it done.

No one knows where our economy is headed now.  That unknown has brought on a world of confusion and indecision into financial markets causing them to over react to news.  Since I don't see a great deal of good news coming our way in the next few weeks, chances are good that Market would break to the down side any day now.


Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.