Markets Still In Weak Technical Position After Mid Week Rally

The stock market still closed out the week in a weak technical position despite the reversal Monday afternoon. Most stocks are below all major moving averages and are in confirmed downtrends. Financials are leading the market lower and any bounce into key resistance can be safely played from the short side.

Advertisements

About Aaron Basile
Market Technician, Equity/Commodity Trader, Austrian Economist, Contrarian Investor

One Response to Markets Still In Weak Technical Position After Mid Week Rally

  1. If you want to get involved, or already involved in the Ever Exploding Forex Market, we give the Info you need here. We are not pushing one Program or the other, but giving info on all of them and how to Trade effectively. Hear Daily News from Experts and Top Agencies on the Market. Watch Video’s on the Market as well. You can Leave your own Opinion as well. Can Translated into 26 Languages too!

    http://www.BestWorldForex.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: