When I wrote my post on July 7th about stocks rallying on earnings expectations I warned about this rally as it is not confirmed and it may fail. Even though the market made an impressive move and achieved great gains since then, it is still in an overall downtrend. Last couple of days I was Continue reading →
Posts Tagged With 'market in correction'
Market slips into a correction after US consumer confidence data
Stocks dropped more than 2 percent on Tuesday after data showed U.S. consumer confidence fell steeply in June on worries about the labor market. Based on that I am considering the market being in correction. No new buys during this time in my trading account (well, right now I do not have free money anyway).
RAX activated stop loss order
Rackspace Hosting, Inc (RAX) hit my protective stop loss order and has been sold this morning: 01/26/2010 09:32:02 Sold 37 RAX @ 19.9
CTL triggered a stop loss order and has been sold
As the market continues into correction, another stock sold out hitting the stop loss order. I sold Centurytel, Inc. (CTL) 01/22/2010 15:27:19 Sold 9 CTL @ 34.1401
TSTC sold on stop loss trigger
Telestone Technologies Corp. (TSTC) triggered stop loss order this morning and has been sold: 01/21/2010 11:33:43 Sold 19 TSTC @ 17.78 Today’s move on the market also counts as another sell off (distribution day) and puts the market under the pressure. That means I am raising cash and waiting for the next move. Will the market slip into correction or is Continue reading →
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