Seeking Alpha

InTheMoneyStocks'  Instablog

InTheMoneyStocks
Send Message
InTheMoneyStocks.com is a proprietary research, consulting and investment alerts company focused on guiding investors, swing traders and day traders to financial success. Their PPT Methodology is a proprietary blend of price, pattern and time discoveries that has helped produce 216.37% net... More
My company:
InTheMoneyStocks.com
My blog:
Rant & Rave - Pro Traders Blog
  • Interesting Market Action: Look Inside 0 comments
    Feb 13, 2013 12:47 PM

    Two things have struck me over the last two days. First, the markets have barely been able to squeak out a gain around the State of the Union address. Usually, it is a no brainer up day before and after the presidential speech. Secondly, the market have reversed on extremely light volume both days, off their highs. Usually, on light volume it is almost impossible for the markets to sell off.

    What Does This Mean?

    It means the markets are getting tired. In addition, it means the stream of retail investor money is stalling out and institutions continue to not buy at these market levels.

    Result?

    We should see a small pull back enter the market as soon as volume resumes, as early as Thursday into next week. The pull back will be minor, just a few percent but will take hold.

    Gareth Soloway
    InTheMoneyStocks

Back To InTheMoneyStocks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.