professor_frink
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- 16 February 2006
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Afternoon folks,
not really much to add today, typical lazy Friday afternoon for me
The comments I made yesterday suggested that some follow through was possible last night, which came in a little stronger than I was expecting. Had already run some what if situations based on yesterday's look at 3% up days with the focus on what could happen if we do get the follow through, it suggested that we'll possibly underperform tonight and on Monday as well. The fact that we have risen for 3 consecutive days also fits in quite well with that general idea.
Semis and banks underperformed compared with the overall market indicies last night too, not by anywhere near enough to trigger any alarm bells, but does fit in with the possibility of a mild pullback tonight if there is a bit of follow through on that front.
Cheers
not really much to add today, typical lazy Friday afternoon for me
The comments I made yesterday suggested that some follow through was possible last night, which came in a little stronger than I was expecting. Had already run some what if situations based on yesterday's look at 3% up days with the focus on what could happen if we do get the follow through, it suggested that we'll possibly underperform tonight and on Monday as well. The fact that we have risen for 3 consecutive days also fits in quite well with that general idea.
Semis and banks underperformed compared with the overall market indicies last night too, not by anywhere near enough to trigger any alarm bells, but does fit in with the possibility of a mild pullback tonight if there is a bit of follow through on that front.
Cheers