So, I opened up my eIBD to see what happened to stock market today. The good news was that the stock market was up today on lower volume which means it wasn't a distribution day. The market does remain under pressure so you want to be cautious with new buys and watch your stock portfolio for signs of institutional selling. At the first sign of weakness, you should sell those stocks to keep any gains you might have.
The indexes have rack up a number of distribution days according to the IBD Big Picture Column. You can take advantage of slow days in the stock market like today by analyzing your past buys and reviewing your trading operations. By doing this, you can streamline and improve your stock picking ability. Clean up your watch lists and organize them in a fashion that when the market makes a turn upward that you are in a position to move on to the stocks that show strength and sponsorship.
Just because the market is under pressure today doesn't mean you shouldn't be doing anything about your stock market investing program. You should always working on looking at stock charts, reading the Investor's Business Daily for additional ideas. I know that one of things that I do is re-read How To Make Money In Stocks because there is always something that I can glean from it as I re-read it every time to make sure that I understand completely every step O'Neil recommends.
Thursday, December 10, 2009
What Happened To Stock Market Today
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Michael Kuhn
Published 12/10/2009 12:25:00 AM
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