More Losses Likely In General Markets

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 |  Includes: DIA, QQQ, SPY
by: Jeff Pierce

No leadership, no sector strength, no confidence in the markets = limited upside and likely more losses in the general markets.

Given how oversold the markets were if we can only muster a couple of days of buying then that is saying a lot about the confidence investors have in owning stocks at this time. Click to enlarge:

Disclosure: No Positions