I'll continue to hold RF, which remains in bull mode.
The price weakness in GE appears to be news-driven, based on reports concerning negotiations with Comcast to divest NBC.
HD earnings will be announced pre-market on Monday. Although it is still in bull mode, the price is stalling and the NYSE is reporting an imbalance on the sell side. Buy on the rumors, sell on the trumpets, is the conventional wisdom. Monday morning is trumpet time.
No change from my earlier analysis of JNPR. I think it has already made it's move, and I won't take the trade.
No comments:
Post a Comment