Monday, April 26, 2010

04.26.10 - Monday Range Day

The overnight move higher has held, but intraday action has been flat with an ever so slight negative bent.  We are overbought -- but there again too, when was the last time a day like this didn't resolve to the upside?  Has anyone looked at GOOG or GS lately, the former is tagging its 200-day, while GS has been under its for days and continues to resolve to the downside, although it may also be nearing technical support.  Will tomorrow's hearing provide an opportunity for interested buyers?

Never Investment Advice

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