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Wednesday, January 24, 2007

Flex Some Muscle

A solid trend day pushed the Dow to the 4th record close of the new year.

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You could sense early on that the bulls were going to flex some muscle. Nothing creates more confidence than a failure by the bears to shoot the tape down. Big gains in precious metals, internet, telecom, basic materials, oil & gas, coal, defense, tech, and construction provided the upside leadership. And, like yesterday, after hours trading has continued the positive bias.

As you can probably already suspect, my hands are full as I'm doing my level best to grind out a few profitable trades in this rise. See you tomorrow!

Posted by Kirk at 6:25 PM in Review | Bookmark | Feeds | Link |


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