Welcome to the extended version of the BAM Market Note. We are not bloggers by nature but have had clients and friends inquire about our thoughts on the market in between our newsletters. The number and content of posts will likely be determined by the conditions of the markets and the interests of our readers. We would greatly appreciate your feedback and comments.
Wednesday, October 19, 2011
More of the same...
The market looked like it was going to shrug off a number of poor earnings reports today as the market was flat for most of the day. In fact, we were just about ready to make a few trades and move to a less defensive position before the market sell off started shortly after lunch. We will wait and see what tomorrow brings. The upper edge of the S&P range at 1220-1230 has proved to be stout resistance and we would like to see the market go through this before getting too excited. A revisit to the lows at 1100 is not out of the question considering the volatility the market has experienced over the last few months.
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Thanks for the info.....I setup the RSS feed and will try "anonymous" to post this comment....
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