Anyone else less than impressed with market action this week? We've had okay earnings but some stocks have actually sold off after reporting decent Q3 numbers. Green days haven't come with really strong volume. There are potential external factors that could effect trading in the coming days.
1.Mid term election
3.Increasing unrest in Europe.
4.Fed meeting and possible QE2.
5.Continuing elevated unemployment.
6.Additional wave of foreclosures.
I'm not turning all bearish but I'm paying close attention to any factors that could derail this nice little tradable rally we longs have been enjoying.
I have been fortunate enough to book some profits in some of my holdings this past week. I have not sold any CHK shares though.
Market fundamentalists or technicians...I'm interested in your comments with regard to recent trading action.