Forget about the Reasons

The popular press like CNBC, Bloomberg, and Reuters like to tell you why the market is doing what ever it is doing.  In situations where the direction is overdone or indeterminate, it is probably good to exercise your mind with these items.

In the current situation the three main directional indicators all point lower for macro stock prices.

If you want to play for the bounces, the RSI indicator does give you a little reason to try to catch them, but the probabilities point lower for prices in general.

Leave a Reply

Your email address will not be published. Required fields are marked *

9 + fourteen =