Tuesday, March 03, 2009

Stock Market Commentary: Low Volume Indecision

Nothing immediate in any of the indices to suggest the tight intraday action represents something of a bottom. The tight action does allow for a swing trade with a stop on the flip side but it's hard to shake the feeling there isn't more downside in the tank - particuarly from tech which has performed remarkably well (considering).

Volatility (VIX) has started to move again, but will it make it back to test November highs? It's a tall ask but the mood is turning more fearful.

Hedging towards another down day with tech likely to suffer most.

Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock charts website