Today's trading was a demonstration in how old resistance (supply) later become support when the market goes back to "test" those areas. There is an acronym for this - JBTFD!
Friday, January 13, 2012
Evening Thread
Today's trading was a demonstration in how old resistance (supply) later become support when the market goes back to "test" those areas. There is an acronym for this - JBTFD!Afternoon Thread
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| Holding over the long weekend?
Check your positions. Check the earnings dates. Be prepared.
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Morning Thread
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| Click on chart for larger size |
JPM started the banking sector earnings reports this morning.