: What we want to see now is a high-volume reversal and then a series of retests on lower trading volume to confirm that last week low was really the low, according to Market Watch. Volatility will likely persist, but part of the problem we face now is that many financial advisors and investors do not know where to invest first, since market leadership remains very narrow. The good news is that we saw a high-volume panic-selling capitulation day and subsequent intraday reversal that typically marks a stock-market low. This is largely because of the market infatuation with indexing and ETFs based on indices, which have effectively undermined fundamental investing, since fundamentals are nowhere to been seen on their FINRA-approved fact sheets and sales pitches for most of these ETFs. That is essentially how the stock market has been behaving. House party We could describe the current market environment as a house party that has gotten too rowdy, so the police barge in, detaining selected guests, while other guests scatter.
(news.financializer.com). As
reported in the news.
Tagged under , topics.