Lot of Red Today
There was a lot of red on the screens today as the market started higher but began a fall soon afterwards that lasted until the closing bell. Of the stocks in my portfolio, some 20 were down by 1% or more (good thing some of those were shorts). Those up a like amount could be counted on a single hand. It was that way through out the market as well as the internals were quite ugly and uninspiring. Volume was light but this is that time of the year when you try to make much sense out of a single days action be it strong or weak.
I've little really to say about today other than I'm just rolling with the punches right now. We have to go further to signal a trend change and I suspect it's going to be hard to get that to occur in front of year end bonuses, so I wait. Good night.
I've little really to say about today other than I'm just rolling with the punches right now. We have to go further to signal a trend change and I suspect it's going to be hard to get that to occur in front of year end bonuses, so I wait. Good night.
1 Comments:
For what it is worth-------It seems the bonus boyz will take advantage of todays sell off. The volume was pathetic so to me it looks like the big money just stood aside today and will pounce at least one more time by Friday.
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