Business Magazine

Wednesday Weakness – Struggling to Hold Last Week’s Lows

Posted on the 15 September 2021 by Phil's Stock World @philstockworld

This is not a good chart:  

Wednesday Weakness – Struggling to Hold Last Week’s Lows

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


You must login to see all of Phil's posts. To read the rest of this article now, along with Phil's live intra-day comments, live trading ideas, Phil's market calls, additional member comments, and other members-only features - Subscribe to Phil's Stock World by clicking here.
To signup for a free trial membership, click here.

Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!

Back to Featured Articles on Logo Paperblog