Current Trade

Tuesday, February 9, 2010

Markets



The Markets are looking relatively good today (Tuesday), but I would like to see a Wednesday bereft of selling. It looks like more downside, the index TO and CDNX charts in the favorites are testing longer term trend lines, and if they hold it will likely run to a double top for the end of April go away in May. However a gauge for the rest of the week falls into Wednesday. If we have a good Wednesday, things may carry over into next week

I didn't see a lot of what I would call a lot of regular type on line traders active in my watch list, more likely institutional players setting up the crowd for Wednesday. Most of the volume came late in the morning signaling institutional influence IMOP.

It is a wait and see.


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