Online Stock Trading | Dull Action Friday, did most just give up?

Dull Action Friday, did most just give up?


Filed Under Market Commentary |

Volume came in light across the board suggesting the weeks action has left many traders wiery and on the sideline. The AAII Bull/Bear Index showed that many traders were undecided. Bulls 39% Bears 33%. The II numbers had the gap between Bulls and Bears much wider 52% Bulls 21% Bears. Not surprising as the II number survey’s fund managers rather than traders. All in all, the action this week left many shaking their heads, were you one of them?

Trying not to pick tops and bottoms has a beauty in of itself. I do not have the stress of finding the top and I get to watch other foolishly try. Less stress and entertainment. Many people I talk to outside of Investors Paradise’s community many traders are on the sidelines, buying puts, or shorting. “This is it, bye bye market we are heading lower.” Some are using gut some are using “Indicators” that it is time to run away from this uptrend. We must look back to August when nobody thought that an uptrend was insight. I myself in June could not see an uptrend on the horizon. As it always does the markets rears its on path and confirmed a new rally.

This new rally brought on doubters, given this and that as an example. New Highs and New Lows isn’t acting right, we are way overbought, etc…The all mighty, humbling market said we could get MORE overbought. So were you missing this ride? Although there haven’t been any stocks with huge gains there have been some with nice runs. Check out reply 6. Did you own any high flyers?

Weekly analysis sometime tomorrow! Remember, get in your picks to me so I can select a few to go over!

Enjoy your weekend!
Market Speculator

marketspeculator@gmail.com

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