The Jacobsen Commentary and Market Opinion

Courtesy of www.thejacobsen.com

Slow start to the week

Trading on Monday was quiet, finishing steady-to-strong with a few end-of-week/weekend trade reports mixed in. The market ended firm the previous week and was expected to be steady with traders continuing upward pressure. Late reports for HTS and HNS, at $40 and $39, showed continued upward pricing pressure, but the lack of volume toward the latter part of the previous week indicated that market resistance could hold back increases for the time being. On the matter regarding market direction, there is neither shortage nor consensus of opinion among pundits.

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