Cara Community |
| Tables & Charts for Monday, Jan 23rd, 2012 Posted: 23 Jan 2012 09:03 PM PST |
| Bill Cara's Blog for Jan 23, 2012 Posted: 23 Jan 2012 04:00 AM PST CTA Trading Desk Morning Report If you haven't read the Week in Review yet, I recommend that you do. This morning, I don't have much to add to what Bill wrote. Our portfolios are "fully long" right now because the market hasn't rolled over yet and our hedges were taken off last week. However, I have been writing that many stocks are overbought and continued caution is warranted in the short term. The market could use a breather, so be ready for a decline that could happen any day and should that occur, dips should be bought. |
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