We will refer you to Investors.com for a good analysis of yesterday’s market action. Their stock market status is “market in correction”. We theorize that argo (high frequency trading) machines are making everyone seem like dufuses by bidding down past the pivot points that technicians are seeing. Because the stock market indexes broke recent support, we will be trimming our longs in a systematic way. A break of the November 2009 lows is really a bad sign, not only for the stock market, but for the economy in general.
Still, our systems have not given us short ETFs to go long. Something is amiss in the market. We scanned the markets and we did not see any stocks that piqued our interest in the long side.
Dow Jones Index Stock Market Chart 6-30-2010
Nasdaq Stock Market Chart for 6-30-2010.
S&P 500 Stock Market Chart for 6-30-2010.
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About the Author
I am a dad, professional engineer, MBA student, and a financial fanatic. I can help you make money in the stock market. I use Fibonacci techniques for retracements and targets, technical analysis, some little fundamental analysis, and automated systems trading. I also trade options. In addition, I use CANSLIM to get neat growth stock ideas. No fluff and no BS.
If you want to discuss stocks, options or personal finance you are welcome to follow me in Twitter (@smarkethacker) or drop me a line to smh@stockmarkethacker.com. In addition, consider subscribing to my RSS feed located in the top right hand corner.
Investors.com Stock Market Wrap Video
We will refer you to Investors.com for a good analysis of yesterday’s market action. Their stock market status is “market in correction”. We theorize that argo (high frequency trading) machines are making everyone seem like dufuses by bidding down past the pivot points that technicians are seeing. Because the stock market indexes broke recent support, we will be trimming our longs in a systematic way. A break of the November 2009 lows is really a bad sign, not only for the stock market, but for the economy in general.
Still, our systems have not given us short ETFs to go long. Something is amiss in the market. We scanned the markets and we did not see any stocks that piqued our interest in the long side.
Dow Jones Index Stock Market Chart 6-30-2010
Nasdaq Stock Market Chart for 6-30-2010.
S&P 500 Stock Market Chart for 6-30-2010.
Popularity: 2% [?]
Related Posts:
About the Author