Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[sailor]

Dear Fellow Visual Investors,

The market has been very oversold. That's the reason
we correctly predicted an upswing to test 2100 a few
days ago. A very high probability is the market wants
to move to the opposite direction and take out all the
stops before it heads back to its original course
which is downhill. Our general view is still range
trading with bearish bias.

It's not a secret that 2100 is an important line that
everybody is watching. NAZ is above 2100 and today's
action is more than a retest of 2100. Tomorrow, bulls
will try to push bears off the edge. Momentum players
will help this effort. If NAZ can stay above 2100
after July 1st, we will get ready to join the bull's
party. Otherwise, we will stay on the sideline and get
ready to short once NAZ breaks 2100.