+353 (21) 430 5354

Good week for the Markets

Posted By: Pat Lynch | May 10, 2013

The market has had a good week and looks like it wants to end higher. The short term trend is still up  but I see some tell tale signs that a pull back is not far away. There is some weakness on my stochastic yesterday  and I would not be surprised to see a pull back over the next few days. What an amazing run the market is   having.

Apple Inc (AAPL) has nearly reached the resistance of $470 and it is beginning to retreat from it. I would not be surprised to see it going back to test the 50 day moving average price of around $430 or so. It should find good support there again.

Lets see how today goes. The last hour of the day should be interesting as we go in to the weekend

Leave a Reply

Your email address will not be published. Required fields are marked *







View Training Programs