Online Stock Trading | Intermediate trend is still down

Intermediate trend is still down


Filed Under Market Commentary |

10 week line on stock market averages are still pointing to the negative side.
Two distribution days for the Nasdaq are telling me this confirmed rally will
ultimately fail, a 5th day of distribution is on its way in the coming weeks.
Its best to stay patient and build watch list full of stocks who are moving
sideways and building accumulation.

PSPT/SMSI/UACL all failed. I am sitting idle waiting for an opportunity to make
money…just now isn’t the time.

Keep patient and stay in cash…I won’t be taking a dip back into this market
for awhile.

MktSpec

Last 5 posts in Market Commentary

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • del.icio.us
  • Netvouz
  • DZone
  • ThisNext
  • MisterWong
  • Wists
  • Bumpzee
  • StumbleUpon

Comments

Leave a Reply