Are You Ready For a Correction?

A bounce in the Nasdaq gave the bull something positive but the character of the market action continues to deteriorate.  While there was some dip buying in the FAANG and technology names, it wasn't the usual energetic rush. It felt more like a dead cat bounce rather than buying by those that think the uptrend will never end.

Breadth was poor with about 2600 advancers to 4200 decliners and there were more new lows than new highs. Most notably there just aren't many long setups developing. Traders chased a few names like Roku (ROKU) and DaVita Health (DVA) but there were far more big losers than big winners....178 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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