Tuesday Outlook: Shortened Week, Light Volume

April 6, 2009



One can never know which is which? All I know is when the underlying trend is bullish Mondays are often buying opportunities as things generally improve throughout the week with perhaps some squaring-up on Friday. That’s about the boldest observation I can make today.

What should drive prices this shortened week are earnings reports. If poor earnings continue, as expected, then beating lowered expectations will be the bullish game.

Since markets were short-term overbought at the end of trading Friday, some profit-taking or even sideways action is healthy.

What was clear by the close is ultra light volume and negative breadth, which eases extreme conditions.















































































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