Tuesday's Market 'Strength' Was Tainted. Here's Why.
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Well, after four consecutive daily losses (a total pullback of 2.8%), I can't tell you I'm surprised the market's luck changed today. I
can tell you, however, I'm still not impressed, and I'm
certainly not interested in a bullish stance. Tuesday's strength was mostly the market's natural ebb and flow nature doing its usual thing. We could even see a little more bullishness later this week and
still not actually sidestep the ultimate fate we see on the horizon... a decent-sized correction.
We'll take a detailed look at that idea in a second. First I want to give a shout-out to a handful of folks who've continued to amaze us with the help they're giving other traders at the SmallCap Network site.
The irony is, the size and speed of the drubbing is actually the best thing going for stocks headed into Wednesday's session.