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Buyers can't reverse week's losses

By: capt_nemo in WRGO | Recommend this post (0)
Mon, 18 May 20 8:35 AM | 15 view(s)
Boardmark this board | Reality news,,,,,,,,

Msg. 02185 of 18626
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SUNDAY, MAY 17, 2020
Buyers can't reverse week's losses

The week started with losses but the buying of Thursday and Friday wasn't enough to claw back those losses. Buying volume was lighter than earlier selling so there are still doubts traders have the desire to push this to new (pre-Covid) highs.

The S&P does have some bullish markers to work with. Despite the lighter volume buying from Thursday and Friday, On-Balance-Volume is on a 'buy' signal as Stochastics [39,1] are in comfortable bullish territory. The index is outperforming the Russell 2000, but is lagging the Nasdaq.

http://feedproxy.google.com/~r/FallondStockPicks/~3/LI1mdmiS5mU/buyers-cant-reverse-weeks-losses.html

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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