Morning Thoughts for November 10, 2010

smbcapitalJoe P's blogLeave a Comment

Good morning traders. Today’s comments are from Adam Grimes at The Macro Report. Two days ago, we wrote: “Be aware that [global equity] markets are somewhat to extremely overbought, and though this makes them vulnerable to potentially sharp corrections, these corrections should be viewed as opportunities to add to longs. “ We believe that yesterday’s rather sharp selloff was probably … Read More

Morning thoughts for November 8, 2010

smbcapitalJoe P's blogLeave a Comment

Good morning traders. Market gapping down to the lower extreme of Friday’s trading range. This market continues acting very resilient, with buyers at every down move. Late last week we finally saw leadership from the financial sector, which broke out from a 2 month trading range. In the next sessions I will be watching this sector for continuation. I wouldn’t … Read More