Thursday, December 09, 2010

Market comments for Dec. 9th

As you can see I haven't posted many comments on the market these past few days. There really hasn't been a reason to as nothing has really changed. On thing I wanted to add though was to watch the stock price of CAT, because it has led thus year's rally. But the last couple of days it looked like it topped and today it is forming a Hammer Candlestick pattern, which often is a sign of a reversal in trend. I have a 2 month chart on CAT below so you can see what I am referring to.

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