Thursday, August 29, 2013

No Trades for FRI August 30, 2013

Again, Big Money was busy today picking up panicky sold stocks, specially small caps.  That is damn bullish.  DJI and SPX sell off into the close was disappointing, but it was all at exteremly low volume (probably the lowest for 2013).   I expect a rally either tomorrow or early next week to back test SPX 50 D-SMA.

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 N without notice.