Range Bound

If you are a few lucky ones and have a stock riding high, you might want to take your profit,  because it seems like that is everyone else is doing it.  Also, those stocks in the dump lately showed some life today.  So, this is what they called re-price the risk, it is would be more accurately if it is called reposition.

So, once again, people realized that the things get out of the whack, some stocks get too high and some stocks get too beaten up.   so, there are these profit taking and bottom fishing.

Overall, this is not bad for the market, you want market to re-position, to find the new leader, to push to the next level.

However, with rate cut is not the sure thing, there are these clouds always hang over the market, so,  maybe we are entering a phase of range bound.   so, maybe it is best to buy at the support and sell at the resistance, at least , that is what I am going to do in the next few days.

Today is more of the hang overs from the last week.  Imagine if you come back from a long vacation,  you probably need a few days to adjust, to observe.  to have those staff meetings to see where things are, how everyone is doing and exchange some nictise.  so, the next two days would be more inteserting than today. 

It is good we have a firm start, because the biggest fear in the wall street is to be left behind.  if the market is strong, they will have to jump in