Wednesday, 26 September 2012

It is not a good afternoon in the US today amid riot in Spain

Dear Friends,

Yesterday in Spain there is a social riot in the streets. This tension has led to the Dow crumpling down 85 points now into the red when it started beautifully. As I have said in the last article, Dow is not in the panic stage. But neither is it able to close confidently higher these few days... in fact quite a few stocks today dropped to close in the red...

So my suggestion is not to enter first b4 next week important reports. Short term wise, market is not there. At least I can't sense it these few days in US.

So better to careful and cut down on your position size even if you enter.

Rgds
Daniel
www.danielloh.com

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