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Stock Market Sentiment 11-02-09 
Monday, November 2, 2009, 06:15 AM
Posted by Administrator
Last week, the market finished the week off with a selloff. On Sunday, CIT filed for chapter 11 bankruptcy. This week ought to be interesting. The market is in a very oversold position, and is well overdo for a snap back or a rebound. We have a slew of economic reports due this week. For today we have Construction Spending and Pending Home Sales for economic reports. It looks like we will have a gap up. With all the vital news that we had over the last couple of days we will have to see which way investors will like to go from here. I believe today will more than likely be a flat day as uncertainty from all the news over the last couple of days settles in.

For today, I will be bracketing the appropiate time periods, and watching for a trend day either way.

Members, Day trades, Swing Plays, Earnings Plays, and Core trades on deck... Also watch the "This Just In" trade section for up to the minute day trades.

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