Trust Level Is Low
Opening strength invited a little selling, but better-than-expected pending home sales brought in some buyers. There's probably enough negativity and cash on the sidelines to spike the market a bit, especially as market players watch for headlines out of Europe.
I don't trust this market very much, but oversold bounces and spikes are tradable and you should take advantage while you can. Just make sure you are very clear on holding periods and stay disciplined. The last thing you want to do in a market like this is allow trades to turn into investments....181 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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