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.
Word Count: 90. 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.
