Wednesday, April 8, 2009

Yawn - Sleepyville

The markets so far this week have been like watching paint dry even with the two big down moves. Volume has been non-existent. These moves don't really mean much. Actually today's move probably meant the most of this week's move. The down move Monday and Tuesday was to be expected and almost inevitable. We came down to the trend line and held it yesterday. Futures were down alot about 5 a.m. and came roaring back holding the trend line at the open. We were up around noon, sold off back to trend and bounced again so this week in my opinion has so far been fairly bullish despite being down on the week.

I have been reading 10ks. Not much else has really caught my eye. Seems like everyone has already taken off for Good Friday. Time for maybe a nap.

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