As you probably know, Europe was overwhelmed with their 2nd LTRO, US had a better revised GDP estimate, expansion in Manufacturing data from Asia to US and Bernanke’s testimonial. There were lots of volatility with the commodity currencies strengthening; the Euro weakening, Gold and Silver plunged! The price of Crude Oil rose from an Iranian report of Oil explosion in Saudi Arabia.
How exciting? Let’s see where the Dow Jones, S&P and NASDAQ closed off for the month of February.
Hmmm! It seems like all the 3 major indexes had tested the resistance. Well, today is Friday and it would be interesting to note how the major indexes would close for the week. But on the whole, the activities is still displaying that there’s still a tug of war between the bulls and the bears. The indexes are still range bound.
I had received many emails and queries. Should we chase the market? Can we buy now? Now we all know;
BUY low and SELL high.
