Stock Market Analysis – 04-27-2009

April 27, 2009 at 9:20 pm · Filed Under Broader Market 

S&P 500 Daily Chart

With the swine flu scare going around I’m actually looking at today’s action as not too bad.  Typically, some overblown news like the swine flu would put a hurt on a weak market that’s overbought.  Coupled with the really light volume, I don’t see a whole lot of bearishness today though.  Maybe I’ll gain some more bearish fortitude if we break the channel, but I’ll keep waiting and hoping for now.

Comments

Leave a Reply