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Tuesday, January 6, 2009

Quick take on the market

I feel the markets are overbought. Some stocks like AMZN and HPQ are doing good but overall going up further is looking tough. This is not to say the markets cannot go up, if the bulls manage to break some resistance at SP500 940-950 then we might get some new money in chasing stocks . But other than that we will consolidate/go down in my opinion.
I have not done anything new. MOO is not jumping, just sideways movement . I want to see some decisive move before a trade.

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I am into stocks, options, all kinda sports, Music, food, Spirituality etc.
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