Saturday, July 25, 2015

Determine Market Trend (24 Jul 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
% off 52-Week High
Market Trend
S&P 500
SPY
-2.46%
Bull Market
Nasdaq 100
QQQ
-2.88%
Bull Market
Dow Jones 30
DIA
-3.91%
Bull Market
Russell 2000
IWM
-5.39%
Pullback

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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