It's a very busy week this week as Bernanke testified to congress today, and Obama is slated to speak to the nation tonight. Although we did cross below our previous lows on the Dow, this rally today could be the beginnings of something more. We have had some very bearish news today in home prices, and unemployment is coming out Friday which always seems to drive the market down. A lot of the movement this week will depend on whether Obama and Bernanke and whoever else that has a microphone in government gives us hawkish or dovish commentary. I am not convinced this rally is real yet. If Friday comes around, and the market is still moving up then I might consider participating in a decent rally. Until then I am being very carefull, it's a dangerous week to swing trade. It's a fabulous week to intraday trade.
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