All posts by uranium-pinto-beans

Market Update: Thoughts and Charts

Real quick.  It's about 30 minutes before the opening bell.  Stock futures are ripping higher.  It was a brutal sell-off yesterday and in the context of any pullback their will be bounces.  It is precisely why I locked in some profits yesterday.  The bounce is shaping up like previous bounces we've seen over the last month.  And I think the end result will be the same... it gets sold, much the same as all the rips have been sold.  The key will be timing.  How much further does this relief bounce have?

On Friday it lasted most of the session before the bottom fell out.

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