Saturday, July 19, 2008

Financials Could Be Overbought

Hello everyone. I am a new guest contributor to the Stockweb blogsite. Last week we saw a significant rally off the lows in the banking/brokerage sector. I think caution is important here as the group is short term overbought. (WB) reports on Tuesday and you must be careful of a possible disappointment there. For traders, there will probably be some very interesting short opportunities next week. Good luck.


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