Online Stock Trading - Stock Market Charts Indicate Correction Coming
For Sunday newspaper stocks and shares tips see - Sunday share tips
Monday stock market news - Stocks fell back at the end of the day, giving up the gains of earlier in the day, so the indices, apart from the DOW finished with slight losses. The DOW finished up 9 at 11,202 the NASDAQ was down 4 at 2513 the S&P finished down 1 at 1197. According to the genetleman from PerfectStockAlerts the recent pullback is setting the markets up for a short-term bounce, but this bounce should not be seen as a reason to get long, on the contrary it should be used to short the markets. Certainly with the problems re-surfacing in the Eurozone, with Ireland being bailed out to the tune of around $100 billion it seems odd that the markets would be rallying.
Bear Set-up Divergence on Stock Charts
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