Stock Market Analysis – 09-30-2009

September 30, 2009 at 10:00 pm · Filed Under Broader Market 

S&P 500 Daily ChartThe subtle tipping of the scales may be starting, but don’t count on it yet.  The failure to reach new highs is bearish, but we also haven’t created any new lows.  The one bounce back day was on low volume too, so keep a close eye on the rest of the week.  In my younger days I probably would have started shorting this aggressively, but I’ve slowly been learning that trading for profit instead of action is a better way to go. 

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