Skip to main content

Wednesday Weakness – Struggling to Hold Last Week’s Lows

This is not a good chart:    Clearly we're in decline but more worrying are all those big red spikes (high volume selling) with very few green anything in the last 7 sessions.  It's been a low-volume market for a couple of years now and that means it's very unlikely there are enough buyers out there to cash out the people who want to exit – especially if panic ensues and people feel forced to sell.  That makes for a very dangerous situation and is a big part of why we cashed in about half our positions last month, moving our Member Portfolios to 80% CASH!!!       IN PROGRESS    

This is not a good chart:  

Clearly we're in decline but more worrying are all those big red spikes (high volume selling) with very few green anything in the last 7 sessions.  It's been a low-volume market for a couple of years now and that means it's very unlikely there are enough buyers out there to cash out the people who want to exit – especially if panic ensues and people feel forced to sell.  That makes for a very dangerous situation and is a big part of why we cashed in about half our positions last month, moving our Member Portfolios to 80% CASH!!!

 

 

 

IN PROGRESS

 

 

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.