Tuesday, April 08, 2008

Mind the Gap

The intermediate time frame looks good for the markets with Bullish Percents on a tear:


But the short term is overbought and itching for a confirmation test of the breakout gap and/or 50-day MAs:


Futures favor a weak open, so this could be impetus bears need to work the market lower.


Trade my Stock Picks at


$50K Fantasy Stock Game


 
f9229fcfd1b1390be00cfccc86c90349c93a4179bf4227457c