Online Stock Trading | Stocks Pullback on Lighter Trade; A Very Positive Sign

Stocks Pullback on Lighter Trade; A Very Positive Sign


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The swine flu dominated headlines as the new strain of influenza hit the world over this past weekend.  Headlines read this flu outbreak would hinder the world’s ability to recover.  News media did its best to strike fear into its viewers thinking this would start a pandemic.  Subsequently the market opened much lower, but surprising to the bearish folk the market found support.  Later on in the morning we even saw the major indexes in positive territory.  The afternoon fade was met with support and the indexes finished off their lows but most importantly VOLUME was significantly lower across the board.  Monday was a classic day of consolidation and a welcome sign to a healthier market.

One thing that is becoming more and more obvious to me is our down days in terms of percentage loss.  Monday marked a day where the major indexes were NOT down 1% or more.  I am noticing, we are getting smaller and smaller percentage losses when we pull back.  Going back to September, generally speaking our pullbacks were on LARGE percentage losses and many times on heavier volume.  A very good shift in market action and a positive sign for those who are long stocks.

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One Response to “Stocks Pullback on Lighter Trade; A Very Positive Sign”

  1. Stocks Pullback on Lighter Trade; A Very Positive Sign : Monster Stock Trader on April 28th, 2009 2:01 pm

    [...] Stocks Pullback on Lighter Trade; A Very Positive Sign Share and Enjoy: [...]

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