Tuesday, March 23, 2010

US market: strong uptrend... but overbought

Nasdaq's follow thru day was on 1st Mar, strong uptrend since then:

US market yesterday reversed (upward) strongly (healthcare bill passed), and ignored bad news (USD up, Greece). OK so far... BUT the US market is looking overbought.

This uptrend has been lead by Nasdaq. In S'pore, however, the tech stocks (Venture, HIP, STATS) have been miserable.

1 comment:

QUALITY STOCKS UNDER 5 DOLLARS said...

Its hared to tell the future direction of the market.