The failure of the up move today means the stock market is still weak

The Stock Market sank Monday through Wednesday. Today, It moved higher until a wave of selling, starting at 2:50PM EST, dropped the close to just a tiny bit above where it opened. Yesterday, the market also fell, but started earlier, a little before noon. A rally at the end of the day had lower range and lower volume than the down bar that preceded it. The drop this week, takes the price further away from the long-term bullish trend line. A continuation of Friday’s bullish move could have put it back into the bullish trend channel. Until it does this, the stock market remains weak.
sp500

Put in your name and email for our
free weekly stock newsletter

You'll get:

* Weekly Emailed Stock Market Analysis

* Trading Educational Tips - once or twice a week

email

name 

  • Every trader, no matter how good, has losses.

     

    The only ones that don’t are Ponzi schemes.

  • What kind of results will I get?

     

    You’ll get more wins than losses and average gains bigger than losses.

  • But, you need more than just good trades!

     

    Too much risk leads to disastrous losses.

    Geometrically increase your results with the correct use of risk.

  • How do I get started?

     

    Click subscribe (on the menu) and make a selection.

    Submit and you’re set to go once you receive a return email.