Where's The Negativity

If the market were to close lower it would be the fifth straight down day. After five down days the odds for a bounce are generally high. The caveat is that I'm not seeing the type of negativity typically associated with five down days.Its possible that Summer trading is damping the emotions and that we could see a bounce without a big build up in negativity. However, with the amount of bad news out there I'm unwilling to step in unless I'm pretty certain the bears have pushed too far.

No comments: