The markets continue to follow yesterday’s decline, I have put a small position to profit on the upside just before close yesterday, but I really have no idea whether that will move up, all I know is that the last few days have been very volatile and it could possibly ride a rebound. Now that the sentiment seems to be “continuous selling”, thank God it’s Friday and sellers can get a rest!
Monday is a holiday so in case you are thinking of “bargain hunting” end of close today is could produce excellent results. Why? Holiday in the US could lead investors to just “step aside” and liquidate so that they won’t have to worry about the next market day. Tuesday, big banks like JP Morgan releases their earnings, following a good 2nd Quarter that beat expectations and selling pressure might have worn off then.
