RE: US Stocks and ETFs - Watchlist and Discussion
(2019-08-17, 02:04 PM)briansmith456 Wrote: Thanks Isa. Based on your read of the stock market do you see the market continuing to correct? I was thinking it has bottomed if not very close to bottom so if you see signs of market continuing in correction mode please let me know what you are looking at.
Regards,
Brian
The breadth indicators that I follow haven't had any short term buy signals, and the effective volume that splits the large and small player volume also hasn't shown any signs of large players coming back into the market yet, which is essential imo for a bottom to form. And the index chart pattern is showing a bear flag I believe. So I think there's potentially more downside yet imo. But I maybe wrong. But I'm remaining cash until there's at least some short term buy signals from the various breadth indicators I follow.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.