Wednesday, November 9, 2011

Traders May Squeeze Another 2% Out of Market

XCSFDHG46767FHJHJF

tdp2664 InvestorPlace Serge Berger is the head trader and investment strategist for The Steady Trader . Sign up for his free weekly newsletter . All it took was the resignation (or at least a pledge to step down) of the Italian Prime Minister Silvio Berlusconi yesterday, and stocks rallied hard off their daily lows to close at their highs. Such strong closes have a tendency to lead to gap-up opens the following morning. In true risk-chasing fashion, cyclical stocks like financials and energy led the day higher as fund managers hopped on board in hopes of improving their year-to-date performance.



No comments:

Post a Comment

LinkWithin

Related Posts Plugin for WordPress, Blogger...