Monday, December 10, 2012

Markets flat and choppy

Markets are holding their ground last couple of weeks after a rally on weak breadth.  The daily trading action has been choppy and the markets finish flat at the end of the day in the last couple of weeks.  There is clearly a divergence in volume on this rally.  A decisive break above or below the trading range on relatively high breadth would signal the short term direction.  Until then it is better to remain in cash.

No comments: