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Intel Corporation Message Board

  • littlestew58 littlestew58 Nov 6, 2011 2:42 AM Flag

    Market Outlook

    The light volume, as well as the ability to recover from steep early losses on friday indicated that stocks were consolidating their gains from the past two sessions. A lower finish of VIX (30.16) also sent the same signal. Overall, the market appeared to be calmer in responding to news out of Europe. This should allow traders to turn their attention to the relatively good earnings and weak but non-recessionary economic data. Expect buyers to step in once VIX drops and stays below 30. Technically, momentum is still bullish. The small and mid cap stocks outperformed during the past few session, suggesting that traders were willing to take on more risk lately. That is a bullish development for the overall market. goodluck and buy me lunch if you profit ..........LOL

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30.555+0.375(+1.24%)Jul 2 4:00 PMEDT