Sunday, August 1, 2010

The Proficient Investor

Stock Market News, Contrarian Investing, Stock Picks

Bulls Fail To Hold Yesterday’s Highs

Posted by Kirk On March - 4 - 2010

The jobs numbers are coming out soon and of course will play a major role in today’s market direction. Yesterday is what I want to focus on though – with the market failing to hold the highs intra-day. See the chart below but the main thing to grab onto here is that they market rallied early morning and mid-day but then sold off just as fast into the close. What this means is that the market (at least for yesterday) had no confidence in higher prices. Again today will be important…

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