Looking at today's figures in market monitor, it appears market is heading down. It might to be bit early to say that but market monitor has been flashing alert for last few weeks. There is lot of confusion in air about involvement of central banks. Market is not sure how to treat this news. For the time being finance and housing sector is taking the market down. In such time it is best not to trade and go in cash preservation mode. I will be consolidating my positions as holiday period is coming up. I will take a fresh look in new year.
Double trouble candidate for today
LAM - Volume is low and stock has already rallied for more than 10% in last 10 days so it might be bit late to enter. Also it pulled back almost 33% from peak.
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