Follow the CHART
Last year, the DOW was rangebound between 10250 to 10500. The resistance at 10500 is very strong, thus any rally will halt at 10500, and I think 10250 will be a good retracement buy level again.
Cautious Markets
Markets are too cheap, yet sentiment is bad, thus this will continue to be a rangebound market until the bullish sentiments return.
Sectors to buy
Cyclicals, Industrials, Financials, Basic Materials.
Buy AA, AES, BAC, CENX, MT, RIMM, X.
1 comment:
I hold AA, BAC, AKS but I short CENX.
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