Markets Fall after Two Strong Weeks

Here is a weekly chart of the Dow. I don’t like the price action for the bulls. You don’t want to see the markets fall (red arrow) after a strong week on higher volume (green arrow). One saving factor is that volume was much lower this week which suggests that supply isn’t rampant.

Overall, I would hold all longs and wait for more selling before abandoning ship.

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Alex Stewart

I am an MBA student with a degree in personal wealth management. If you have any questions at all, go to the contact page and send me a note.

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