The market is unusually boring and not moving much today. It seemed as though only some penny oil stocks were moving a little while the rest were just restless and suffering reactions. The banks were in a tight range while some commodities stocks started to fall a little. Basically there were no directions in the market and things were pretty rough.
I am looking at ThaiBev's chart and saw that there was a long breakout and suddenly the stock broke below the low of the breakout bar and slide heavily thereafter. There wasn't much news on it but it's detrimental and caught many stale bull up there. I will be revisiting this blue chip again when the time is ready. Other than that, today is a boring day.
Ronald K - Market Psychologist - A Stock Market Opportunist
