Prepare for swings but don’t project a trend. Emotions are at work because worldviews are in flux. There’s no obvious valuation that we *should* head towards so investors are probably going to turn to technicals. Moving averages suggest a range of 2750 to 2860.

Seems like a respectable range for the next week. I think playing the range makes sense.

See you tomorrow. -Mike

First « 1 2 » Next