Markets made a big move from December 2011 to around first week of February 2012. Since then they have settled down in to sideways range. The correction so far has been less than 5%.
The underlying action on many stock continues to be sideways, they continue to hold on to bulk of their gains. Some have reversed , but that is to be expected.
For intermediate term swing trading it is not a good market on long side. Breakouts are having selective follow through.
The underlying action on many stock continues to be sideways, they continue to hold on to bulk of their gains. Some have reversed , but that is to be expected.
For intermediate term swing trading it is not a good market on long side. Breakouts are having selective follow through.
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