Markets are Getting Tired

Two things have struck me over the last two days. First, the markets have barely been able to squeak out a gain around the State of the Union address. Usually, it is a no brainer up day before and after the presidential speech. Secondly, the market have reversed on extremely light volume both days, off their highs. Usually, on light volume it is almost impossible for the markets to sell off.

What Does This Mean?

It means the markets are getting tired. In addition, it means the stream of retail investor money is stalling out and institutions continue to not buy at these market levels.

Result?

We should see a small pull back enter the market as soon as volume resumes, as early as Thursday into next week. The pull back will be minor, just a few percent but will take hold.

About Gareth Soloway 168 Articles

Affiliation: InTheMoneyStocks.com

Gareth Soloway has been an avid swing and day trader since his days at Binghamton University where he studied Economics. After college, Gareth quickly excelled as a financial advisor, helping clients get their financial houses in order. While helping others gain financial independence, he continued to study the day trading and swing trading world, developing a unique market philosophy and proprietary methods. Following his work in the financial sector, Gareth went on to trade alongside professional traders. Unable to tolerate the hype of Wall Street any longer and having an amazing ability to profit using his developed techniques, Gareth Soloway decided to partner with his friend and colleague, Nicholas Santiago to form InTheMoneyStocks.com. Chief Market Strategist Gareth Soloway serves as the president and CFO of InTheMoneyStocks.Com.

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