Wednesday, August 10, 2011

Updated Market Condition: Strong Bear Volatile

I usually run my Market SQN® Report at the end of the month, but I wanted to show you how how August 4th affected the market type. The drop was enough to produce a major change and move the Market SQN score into Strong Bear Volatile.

In only one day, the market moved from bear to strong bear and from normal to volatile. That’s both dramatic and ominous for anyone who is still holding long positions. Tighten your stops and get ready for more bear activity and more volatility.

About the Author: Trading coach, and author, Dr. Van K. Tharp is widely recognized for his best-selling books and his outstanding Peak Performance Home Study Program a highly regarded classic that is suitable for all levels of traders and investors. You can learn more about Van Tharp at International Institute of Trading Mastery.