Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Tuesday, October 1, 2013

Govt Shut Down...Squeezorama

Stock Market Technical Analysis blog

click on image to enlarge

In the market today we had a fairly strong up day as the government shut down and a million government workers laid off.  Hey...why not rally?  

Looking at chart 2 above, today's short squeeze tried to break us out of the downhill blue channel in the last thirty minutes.  Squeeze away Benny...

Trade well my friends