Tuesday’s market action should have reinforced your resolve to stay out of this market until we get some confirmation that it will go higher. Because three out of four growth stocks follow the market’s direction, the odds are against you if you dare wade into a market in a correction.
The market showed a little promise recently, but it has been rejected at the 50 day moving average, a key trend line. Looks like big investors aren’t big buyers right now. Hold tight and let the market tell you what it’s going to do.
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