Saturday, August 29, 2015

Determine Market Trend (28 Aug 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
-6.54%
Pullback
Nasdaq 100
QQQ
-7.67%
Pullback
Dow Jones 30
DIA
-8.69%
Pullback
Russell 2000
IWM
-10.08%
Correction

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.

No comments:

Post a Comment