The stock market lost a modest gain, selling off hard into the close as the Russell 2000 fell 1.17%, the Nasdaq .63% and the TSX .42%. Volume was higher and well above average. The reversal from a new high in heavy volume is a bearish reversal and frequently a sign of a top. Many stocks including GWPH also staged a bearish reversal but most leading stocks remain in good condition including AAPL which hit a new high.
Early session a tweet by us on Twitter, suggested a decline in North American markets, sparked by issues with Greece's bankruptcy, was a buy opportunity. This may be the reason for today's sharp decline, but assuming anything is speculative and execution requires selling first to take advantage of any bounce.
Why boring stocks are good ones!
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