Small and MidCaps lead stocks to the downside on Day 3
Filed Under Market Commentary |
- Path of least resistance is STILL down.
- Past two trading sessions, forming train tracks tells me there isn’t enough juice in this market rally
- Stay in cash, build watch list for stocks that are building bases
- Stay in cash
- Enjoy your summer! This market isn’t going anywhere
- Day 4 on Friday, we’ll see if we can confirm two things: this rally attempt and if I am wrong!
Enjoy
MktSpec
Last 5 posts in Market Commentary
- Resistance is Proving to be Too Great for Major Indexes - August 19th, 2008
- Stocks Reversed from Highs in Lackluster Trade - August 16th, 2008
- Low Volume Rally as NASDAQ Retakes a Key Moving Average - August 15th, 2008
- We Are Severely Overbought and the Global Slowdown is Beginning to Show its Face - August 13th, 2008
- Proceeding With Caution, This Market is Shaky at Best - August 12th, 2008
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