Monday, November 19, 2007

Rough Start

It appears that the S&P500 will be in a choppy range between 1400 and 1500. The market will open lower on a Goldman Sachs downgrade of Citi -see the link however it usually rallies into thanksgiving. So if I were to trade this week I would look for stocks with relative strength during the pullback and consider entering on strength. If I were going to trade this week that is.

http://ftalphaville.ft.com/blog/2007/11/19/9012/goldman-on-citi-sell-before-the-next-15bn-hits/

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