Dear Friends,
As I have mentioned, we badly need a good economical report and today we have it. Jobless claims is less than expected. Philly Fed and Housing starts are more than expected. Hence today we have a great comeback from yesterday.
Pls check out this economical report news:
http://www.marketwatch.com/story/us-stocks-up-on-data-limited-by-global-concerns-2012-02-16
My philosophy in trading is that Economical Report Drives the direction and Technical Analysis provide the support and resistance, entry and exit. We badly need one so that we can make it to 12938 again.
Let us see if this run continues 2moro in US....
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