Monday started out real good for the European Stocks, but when the US markets opened up (up nicely too) they quickly sold off. I think there are lots of people looking to time THE BOTTOM, but as most people know (and tend to ignore) even if everything looks very very over sold, it can go even deeper into the quagmire. The Financial’s and Oil are still holding center stage with their gloomy outlooks and any effort to rally in stocks just keeps getting beaten down !!
BUT… if anyone still wants to trade, there are still some good trends to hop onto. Just remember to use stops and may be invest smaller $$$ than normal. Better safe than sorry !!
Quick update on Potash(POT) … going good so far. I expect a little pull back some time soon but everything is positive for now. When price gets near the recent high I want to see volume come in to push price higher.
