Today’s Stock Market Investing Recap

Sorry for the delay in getting my daily stock market investing recap in but I took the weekend to focus on some other stuff. Plus the market didn't really have much to be excited about as all four indexes (S&P 500, the Dow, NYSE and the NASDAQ) suffered distribution days. This was the first distribution day since the market followed through this month. It was easy to look at the chart and easily see the market didn't have a good day.

What remains to be seen is if the market will regain steam on Monday. It's possible the rally could continue. I've been disappointed by the volume during the rally. But I am not the expert here, it just seemed weak. I would have been more behind the change in market outlook had more volume been present.

That being said, I put my trust in the IBD with regard to market direction. In the meantime, even the stock market today didn't do well, I don't want to let my personal opinion get in the way. We'll wait to see what the market tells us.

That's the beauty of the CANSLIM system. Rather than rely on emotion, rely on what the indexes tell us. Keep current with the IBD Big Picture column and the Market Pulse. Even I have days that I don't get to the market data. Do your best to make sure that you at the very least review the indexes price and volume action.

If you don't get to it, make sure that you go back and read each day you missed as well as watch the IBD TV Market Wrap. It's much easier to learn the trend of the market if you are paying attention each day.

Good luck and happy investing!

Ty