Sunday, May 11, 2008

Choppy Environment

The market posted modest gaind in the yesterdays session, after positive same-store sales reports. The retail sector sold off on the news and hit a fresh 2-week low, showing a surprising strong selling pressure. The price action was choppy on light volume and offered very few good opportunities. Play light is one option in this environment, the other is stay aside. There are no reasons to fight the tape here. Berry Petroleum Co.Read More...

[Source: The Money Blogs]

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