Dow broke the previous retracement with much ease, but it's been hanging around the 14,000 level, and since it is so close to its all time high 14164.53, is it gathering momentum to break it or is it sucking more money to fall?
expect a short term correction tomorrow as obama and the house wrapping up the sequestration drama. It won't be a pretty picture, since the two parties are playing hot potato, and we have the march 27th spending expiration may 18th federal debt limit looming over. it's still a long time, but the market won't let it pass without using them as excuses for short-term correction.
expect a short term correction tomorrow as obama and the house wrapping up the sequestration drama. It won't be a pretty picture, since the two parties are playing hot potato, and we have the march 27th spending expiration may 18th federal debt limit looming over. it's still a long time, but the market won't let it pass without using them as excuses for short-term correction.