Bull\'s tiptoe

Monday has always been an interesting day.  After two day's of over-thinking, the emotion of remorse/fear/optimitism somehow is amplified, resulting in more volatile trading.   I do not have statistics to back it up, however, there are a lot of anecdote envidence to support it.

The good news is that the market has overcame some damaging news from AIG and ended up higher.  The bad news is that the volume is so thin that it is hardly a trend in the making.

Technically speaking, nothing has been changed today.   There is no significant trend broken,  it is a tie between Bull and Bear, a truce for a day.

It is said that when market trending down toward to recession, the sector of utilities, energy and consumer staples performed the best, and when the market reached the bottom (in the midst of recession), and begin ascend, it is technology, financial and consumer discretion lead the way.  Right now, only consumer discretion showed some signs of recovery,   so, maybe we are closer to the bottom(since none of utilities, energy and consumer staple leads the way)

Interesting things about chinese stocks (FXI),  even though, energy sectors rose cross-board, SNP actually lost 1.5%.  CTRP was up but with half of its normal volumn.  Is there too much fear about emerging market?  if it is indeed the case, maybe it is time to buy.