Low volume pullback | stockbee

10/09/2012

Low volume pullback

In last few weeks the market has been in holding pattern. There are signs of distribution in some technology stocks. But nothing major .

Breakouts on upside are not having vigorous follow through. Many end up giving up intra day gains.

The market will need a catalyst to get out of this phase. The earnings season has started this week and that should act as a catalyst. The earnings are expected to be worst earnings so far since the market put a bottom in 2009. Let us see how market will react to that.

One positive for the market is the low interest rates and Fed pledge to keep them low. 

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