There’s not much to say about today’s market reaction. Chrysler BK looming (and GM to follow most likely), XOM big miss on earnings, etc and the market continues on its rally.

The one silver lining i see in the charts is that volume is extremely meager in the last few days. There is an evident decline in volume and this may suggest that this rally is running out of steam *just in time because I was running out of patience on the FAZ trade). I may wait until EOD to pick up some FAZ. I believe that the market will protect its gains in financials tomorrow, ahead of Monday’s stress test announcement, and take profits. We shall see.

You Should Also Check Out This Post:

More Active Posts: