Analysis:
Yesterday's Analysis predicted that "the Initial Jobless Claims will stay below 440,000 for a second consecutive week for the first time in many months," and that "the market will recover most of today's loss." Today the Initial Jobless Claims were 407,000, and the market recovered all yesterday's loss. Looking ahead to Friday, the tension in Korean Peninsula will not escalate, and the details of the Irish bailout will calm investor jittery. As a result, the market will break out 1,200 to rise as high as 1,210.
Strategy:
Hold long at 1,197
No comments:
Post a Comment