Chinese market down 1%, US Futures red
Greetings,
Today's economic calendar shows Federal Reserve chairman Tim Geitner is sceduled to speak at 10am Eastern. It's our opinion that this market needs a few more days of selling down to unwind the over-bought conditions on the daily charts. After 9 weeks in a row of heading straight up on the S&P and Dow Jones, another few days down would be healthy for this market.
Brian Cook
Today's economic calendar shows Federal Reserve chairman Tim Geitner is sceduled to speak at 10am Eastern. It's our opinion that this market needs a few more days of selling down to unwind the over-bought conditions on the daily charts. After 9 weeks in a row of heading straight up on the S&P and Dow Jones, another few days down would be healthy for this market.
Brian Cook
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