Mainely Stocks

[ari5000]

total confusion:


Most of the people I follow are very confused right now. Some see signs of a bottom. Others are not so sure. Most are still mostly in cash. The thing is -- if an uptrend emerges, it's not necessary to get in on the ground floor. You can start from the 2nd floor, ride it till the 8th floor, watch it go to the 10th floor without you, and back down to the basement (also without you).

I see some encouraging signs but this chop is not providing much direction. I notice FXI is the first major index I see to get above its 20 day MA but I'm not sure it'll hold since that moving average line is still sloping down.

I think the market needs more time to base. Too much indecision. Many traders aren't willing to put money in the markets and keep it there.

There are leadership names though now -- AAPL and a few that are not so familar -- BIDU, VMW and CMG.

Two very positive reports came out from JOYG and XIDE (I own this one). So if you're a bull, there is at least enough to generate some level of confidence.