Tuesday Outlook: Yom Kippur Rally

September 28, 2009

WINDOW DRESSING PERIOD BEGINS

Look, the calendar matters when bonus money is on the line. So it was today. With stocks a tad short-term oversold, we get end of month/quarter tape painting. Last week we plodded along with a 2% loss but made most of that back in one day. It’s just the way of things.

The pattern of light volume buying continues without much comment or notice and perhaps this owes something to Yom Kippur which ends this evening. Breadth was quite positive.

click to enlarge



































































Go to page 2 - Commodities, Global Markets >>

Comment on this article >>