Friday, June 5, 2015

Determine Market Direction (5 Jun 15)

Bull Market, Pullback, Correction and Bear Market
(1)     Pullback: -5% off 52W High   (2) Correction: -10% off 52W High   (3) Bear Market: -20% off 52W High
 
Benchmark
Symbol
52-Week High
Condition
Russell 2000
IWM
-1.36%
Bull Market
Nasdaq 100
QQQ
-1.67%
Bull Market
S&P 500
SPY
-1.88%
Bull Market
Dow Jones 30
DIA
-2.65%
Bull Market
 
Understanding stock market direction is critical to any position you take in the market.  Knowing whether you are in Bull Market, Bear Market or a Flat Market is equally important and key in assessing the potential for your trade.

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