Remember, yesterday was the last day of the worst January in Stock Market History. Fund Managers wanted to close out the month as high as they could to minimize the "shock" on their clients' faces when they get their January statements.
It's called "Window Dressing" and that's what happened.
Today's higher open was due to the Microsoft bid for Yahoo. M&A is back.
We've settled back down to even on the day....and traders still want to go back down and retest the bottom from last Tuesday. Be careful.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment