Markets bounced yesterday. It was really strong rally. I like it as it moved a lot of weak stocks near their good shorting areas. I will watch further development.

I entered XLP long yesterday. This sector is one of strongest now. Also I am closely monitoring some biotechnology and health care stocks for long setups. But I am not aggressive buyer now, as markets are in downtrend

This entry was posted on Wednesday, November 14th, 2007 at 4:13 pm and is filed under ETF analysis, Stock market comment. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.