Stock Market Analysis – 08-03-2010
August 4, 2010 at 12:31 am · Filed Under Broader Market
As doubtful as I am, we’re still in a definite uptrend. Despite the bad economic news, stocks like PCLN continue to top expectations. I wouldn’t go heavily long right now, but the weakness from the bears in seizing negative opportunities makes me doubtful that we’ll see any significant drops in the near future. The only good signs for bears that I see is the declining volume through the uptrend. Maybe we’ll see some selling off, but I’d probably keep a fairly short leash and take early profits on down turns now.
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