Market comments:
The market is on a daily and 60 min. sell signal. This puts a moratorium on buying new or adding to positions. In fact, we need to seriously consider adding some short positions. The market avgs. are all up against their respective overheads and downtrends and are breaking the small uptrends they have been in since they have rallied off of the bottom of the channel. The only thing missing is a volume day to set up distribution. Look to add shorts in the financial sector first.
LEH, LAZ, JEF, GS, JPM, GFIG, MF
Tuesday, April 15, 2008
Time 11:39
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