The Markets Temptation

After looking over set ups for next week it is suggesting that this run up is weak at its core. Keep watch for a reversal early next week. Although, next week does not look good it does not suggest at this time that the markets are turning bearish longer term, yet. Keep watch for a buy opportunity. The indexes have just simply run up to quickly and need to reset for a resumption upward. Any strength should find resistance. $IYR and $IYT are very interesting plays that I am stalking at the moment. They should continue to demonstrate selling pressure leading into next week. The caveat is if indexes can hold these levels. More upside is very probable, but looking for downside to sideways action next week.


Leave a comment

Filed under Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s