Monday, September 7, 2015

Determine Market Trend (4 Sep 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
-9.67%
Pullback
Nasdaq 100
QQQ
-10.69%
Correction
Dow Jones 30
DIA
-11.60%
Correction
Russell 2000
IWM
-12.16%
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.

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