Give the Bears Some Room
Despite a late bounce that faded into the close, it was another poor day for the market. Breadth was better than 2-to-1 negative and there were plenty of big red bars. This has been the worst two days of selling so far this year.
Many market players, including myself, were hoping for some sort of dip but there hasn't been much interest in jumping on the lower prices. Buying weakness always sounds great when stocks are going up but when they correct, the fear of more downside keeps buyers on the sidelines....135 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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