So techs are leading the market meanwhile every other sector is sucking wind. Traders will find any reason to keep the market on the up and up. We see most sectors are struggling such as; pharmaceuticals, machinery, banks, airlines, and retail. The numbers may be improving from worse to bad but this does not mean the market deserves positive momentum. I really have to question the government giving Chrysler and GM more money. We have small and local businesses that could use short term loans and yet we still help the floundering fish. We need to help the small business owner get on their feet. Market resistance at 7500 on the Dow and 800 on the S&P gives the market some cushion if earnings and the stress results of the banks are not what the market wants.

This entry was posted on Tuesday, April 21st, 2009 at 12:01 pm and is filed under Financials. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.