Markets across the globe have pulled back substantially though the US markets are holding up relatively well at the open. The S&P 200 day moving average is at 1449 and that appears to be a level the bulls will desperately try to hold. A failure to hold could see a sharp move down.
The best thing to do in a bearish tape is look for names with strength and try to add into them. GRMN CMG WFMI FFIV SBUX MCD GOOG are some of the strong names today.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment