Online Stock Trading | Volume falls but so do S&P and Nazzy

Volume falls but so do S&P and Nazzy


Filed Under Market Commentary |

Selling continued today with the exception of the DOW.  Far too much negativity in the market, decliners outpaced advancers by a 3 to 1 margin.  Paying attention to how your leaders are reacting around their 50dma/200dma’s is a must.  Are earnings/sales still growing year over year?  Laggards should be sold here period.  Start pulling up stocks to be sold short.  I count today as another distribution day for the NASDAQ and S&P 500. 
 
 
Top 30 performed horribly today.  Not surprising, weren’t too many bright spots (TARR up 1.48%, WSSI up 1.13%, FOXH up 1.41%).  Overall, Top 30 was down 2.04% on the day.  Can’t say anything good about the Top 30…For the week, Top 30 is down 1.82%. 
 
Now my other selections, didn’t fair so well today either.  Gains dwindled down to being up only .47% for the week.  AHT is down 3.34% from its buy point.  NCTY however, is up 4.17% for the week. 
 
 
 

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