Tuesday, April 14, 2009

Be ready for anything in the markets the next several days - and weeks

If you've been following the swing trade discussions posted here, of all sorts really, you know that the next 4 or 5 trading days can be a very important time window for the S&P 500 and other equities markets. The Dow Transports and the banks, let alone the semis and retail (and soon real estate) may not be able to prop up the rally for much more upside. Then too, the ChartsEdge forecast warns us to be on the alert for a sharp rally into opex Friday - but even that's without promising more of same afterward. And today's volume is concerning given the S&P 500 closed down 2%. As for the dollar and gold - neither one has yet ruled out the possibilities of dollar strengthening into late May ... with all that could imply for equities, gold and other markets. I won't recap all that we've posted here for equities, gold and currencies, but it's available if you need to browse for a recap by topic.

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