Wednesday, December 15, 2010

Market Outlook

The put/call ratio will become oversold quite fast given yesterday's behavior:

Usually, in uptrends a good strategy to buy is on weakness after trend days down. If today is such a day, I think tomorrow there will be a good opportunity to go long until the end of the year. With most of the important monthly data behind and with no negative surprises, I do not think the market will find many reasons to go down.

No comments: