The market plunged yesterday with -55 points. The whole market sold down together with HSI while even though stocks were trying to move up, sellers were stacking and selling hard to press prices down. Today, there was some lingering effect on yesterday's selling. Stocks were stagnant and prices tried to climb but cannot see high upside. In the Top Volume, nothing really moves and mostly were just lingering at a tight price range.
Kris Energy tried to recover today after yesterday's sell down. At one glance it looks not bad but still I am wary if avalanche of sellers will emerge should the stock runs a little more. The market is getting bad to worse and embrace for some bad days before we see a ray of light. I will be super cautious when trading now. Something big looks like happening soon.
Ronald K - Market Psychologist - A Stock Market Opportunist
