Extended and Weakening
- alphatrends
- April 13th, 2009
The markets are weakeing and below the daily VWAP. After the large move we have seen over the last month the market seems due for a deeper pullback, keep your stops tight on long positions. There are 969 stocks up and 1925 down on the NYSE right now, that will need to improve if the market can turn higher.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Brian Shannon is a full time trader (with 20 years of experience), educator and author of the highly regarded book Technical Analysis Using Multiple... More »
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