MysteryTrader's Commentaries
Dec
4
2006
Renewed Upside Momentum
by MysteryTrader
Overall Rating:
M&A activity and lower oil prices are providing fresh stimulus for the bullish side.
The market seems to have regained significant upside momentum, and that usually does not turn on a dime.
I am buying minor dips and selling rallies. Still not wanting to take much risk of holding positions very long.
The short side is on hold, probably for a day or two, at least, until the bullish momentum dies down.
Tags: economic-events
