Online Stock Trading | Mr. Market found a reason to slam stocks

Mr. Market found a reason to slam stocks


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WHOA – what a day! All I see is RED! Volume did come in higher than Friday but
its a tough to compare…Friday’s before long weekends tend to come in light on
the volume front. Today does not tell us much about the overall trend. Again,
I remain cautious in this mkt environment. The summer months tend not to be
kind…best to take a vacation and come back in September, just kidding! This
is the time to really start studying the markets. Watch as new leaders form
bases and prior leaders fall. Pay close attention to price/volume action on
both. Pay particular close attention to major indicies and how they react each
day.

I believe the next few trading days will tell us where this market wants to go.
We get another heavy selling day, bigger than this we’ll contine to head lower
and the prior leaders may be begging to be shorted!

Enjoy,
MktSpec

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