Volume determines market direction. The side with the most volume wins. Today was a low volume day with only 5.9 billion total and there was only about 500,000 shares more declining than advancing volume. This was simply light profit taking rather a change in direction. It could turn into a trend change if cautious investors begin to get worried about post earnings depression or the sell in May cycle. This is still a Q1 earnings week but the reporting volume will decline sharply again next week.
New positions are only added on Wednesday and Saturday except in special circumstances.
NEW BULLISH Plays
No New Bullish Plays
NEW BEARISH Plays
No New Bearish Plays