Stock Market Analysis - 05-30-2008
May 31, 2008 at 10:14 pm · Filed Under Broader Market
The market closed out the holiday shortened week with a slightly up day. The volatility was attributed to the price fluctuations of oil most days, but as you should know by now, the headlines are typically made to fit the days’ actions and not vice versa. The still weak economy and the pessimism in the future conditions will continue to weigh on the market, so while we’ll continue to see up days strung together I don’t believe the fundamentals support any strong upwards movement yet. As we saw last week, a whole week of up days can be wiped out by a couple of bad days, so make sure you stay defensive if you’re playing the upside here on short term trades.
Comments
Leave a Reply