Online Stock Trading | Markets take a deep breath and close flat

Markets take a deep breath and close flat


Filed Under Market Commentary |

My apologies for not getting this out sooner but my tone on the market hasn’t changed.

Stocks can not find any steam here. The August 15th follow-through day was followed by another day of gains. Yesterday, we got a dud of a day. An absolute dud!

What is imporatant here is that we need to reset these bases. A deep correction, something nearing 20% would be an ideal one.

I am not a big fan of this follow-through. However, it is one and we must respect it. I am still holding with SDD and QID. SDD is real close to my sell target however, it has not hit it. We’ll see how this thing works itself out!

Aloha and Happy Trading
MS

marketspeculator@gmail.com

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