Monday, February 1, 2010

02.01.10 - Tepid Bounce Effort

This is a fairly weak bounce effort coming into the new month.  There is most certainly a disconnect between economic news and investor sentiment cycles here.  Meanwhile, internals are strong enough I expect the gains to hold.  If we can't regain the five-day moving average soon though, there will be speculation over whether this is true stabilization or just another pause in the trend.

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