Tuesday, July 31, 2012

Daily Market Commentary: Higher Volume Selling

There was a registered a distribution day across key markets, but the distribution had more to do with Monday's light trading rather than Tuesday's heavier selling.  The loss in price was mild and fit with a orderly pull-back, maintaining the consolidation begun after last week's late gains.  Little else to add but just the charts:



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Dr. Declan Fallon is the Senior Market Technician and Community Director for Zignals.com. I offer a range of stock trading strategies for global markets which can be Previewed for Free with delayed trade signals. You can also view the top-10 best trading strategies for the US, UK, Europe and Rest-of-the-World in the Trading Strategy Marketplace Leaderboard. The Leaderboard also supports advanced search capability so you can tailor your strategies to suit your individual requirements.


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