RSS Feed (xml)

Powered By

Skin Design:
Free Blogger Skins

Powered by Blogger

Tuesday, April 10, 2012

The loosers market

It would be difficult to find a riper reason than the weak employment report that arrived Friday yet Monday's low-volume selling never reached anything near panic proportions.
That said, all three major U.S. equity indices are now the proud owners of continuous four day loosers of market, and the damage is starting to add up. The Dow Jones Industrial Average, for example, is off nearly 335 points, or 2.5%, in that stretch.
That marks the blue-chip index's largest four-day points decline since mid-December when this latest bull run was still finding its footing, according to data complied by Dow Jones Indexes. The S&P 500 has given back 2.6%, and the Nasdaq has surrendered 2.3% over the same period. At the very least, the pause button has been hit, but even the bulls would probably like to see a deeper drop with heavier volume to better establish a level to rally further from.

No comments: