Green Monday Streak Broken

I was very surprised to wake up this morning and see that my stop losses had hit for my couple longs I bought on Friday before close. For 12 weeks straight, I believe, we have seen a green Monday to open up the week. Many people felt that seeing green to start the week was a sign of a return of investor's confidence, as confidence would supposedly build over the weekend. Well, whatever was the reason, the streak was quite impressive and draws a lot of questions from me, considering the trend was broken today. Sure, nothing too significant can be drawn, however, it is another sign for me of weakening markets and a shrinking in consumer confidence. PS... I think EUO (see above chart) is definitely one to consider in the short term. The Euro is struggling.

2 comments:

  1. QUALITY STOCKS UNDER 5 DOLLARS Says:

    What about black monday.

  2. maymay Says:

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