FN: Yesterday was the first Major Distribution day since the first week of July. Since they tend to come in clusters, expect more over the next weeks accompanied by price weakness.
First Major Distribution Day Since July
FN: Yesterday was the first Major Distribution day since the first week of July. Since they tend to come in clusters, expect more over the next weeks accompanied by price weakness.
The Financial Ninja is a collection of my thoughts and opinions about current economic and market conditions. These are not buy and sell recommendations. Use your head and do your own research. This is a forum to stimulate discussion and debate.
I started trading during the tech bubble when I was still in high school. My trading has financed my education and I have since completed a BA in Economics and an MBA with a concentration in Finance. I have worked as both a proprietary equity and fixed income derivatives trader.
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