On Friday our market paired its losses in the last hour of trading. The American markets also turned around after Fed Chairman Ben Bernanke assured investors that the Fed will do all in it's power to stabilise the economy. It then went on to rally up nicely and close above 1.5% for the day.The UK has a bank holdiay today, so the FTSE is closed today. Volatility and low volumes can be expected.
It would be prudent to take profit on short positions. We've seen only a few stocks that gave us buy signals this morning, but if the markets continue to rise, more stocks would start giving us a heads up.
Safe trading
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