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Tuesday, February 10, 2009
What's The Next Catalyst?

Turbotax Tim is finished and the sell the news trade is taking the market down. With recent supports now broken, another test of S&P 820 looks likely.
Traders don't seem very happy with the news but we'll know more if this selling continues for the rest of the day. I keep hearing that we're going to see an intraday reversal, but this remains a tough tape to navigate. Obviously, traders will now be looking for the next catalyst and other than the stimulus vote, there isn't much out there and that's the problem.
Posted by Kirk at 12:06 PM in Extra | Bookmark | Feeds | Link |
