Tuesday, July 15th, 2008
Stocks going ok despite doom and gloom
Despite all the gloom and doom, the market is actually putting in a solid performance.
As you can see in the chart above, there have been a number of trading days where the market has risen on higher volume, which is a positive. That’s despite a series of bad news events.
The problem is that everyone has been looking for a bounce, which probably explains why there hasn’t been one.
I have no idea where the market is going, but the constructive action recently means there is probably room for some optimism.
This entry was posted on Tuesday, July 15th, 2008 at 2:32 am and is filed under Market direction. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
