junqi的博客
just personal musing
This is quite impressive, no less than two day's ago when the DJIA was up 400 points. What standing out is that a lot of stocks recovered from seemingly broken down from their support, along with all major indexes. Looks like the bull will not give up without a fight, and what a fight they waged today.
Other than the last minutes' hesitation,again indicating a weak conviction, this market looks like found its life..
This makes tomorrow's CPI number even more important, hopefully, we will have benighn number, thus, make FED cut more plausible.. If the number comes with positive surprise, we will see this market will be up leading to the FED meeting next week.
Obviously, all the commodities are up substatially today, could the sectors topped ? I do not know, but I will be careful to get in at this point, plus, there are other sectors worth taking an another look, like semi-conductor...
anyways, be prepared and tomorrow worth a lot of attention...
