James Taulman Blog | After a Solid Up Day – Market Opens Lower | TalkMarkets

James Taulman

CANSLIM.net - Former Editor-in-Chief
For more than 8 years James had served as Editor-in-Chief an independently licensed website that offered stock reports and services based on the CAN SLIM® investment system. He has developed a knack for being able to quickly and accurately analyze high-ranked stocks based on this winning ...more

After a Solid Up Day – Market Opens Lower

Date: Tuesday, May 17, 2016 10:44 AM EDT

The current rally remains under pressure.

The Dow and the S&P 500, which both defended their 50-day lines last week, fell below that important technical area on Monday.

Although they quickly regain the loss yesterday, today the major averages are once again struggling as each remains in a short-term downtrend.

A convincing break above that downward trendline would be technically significant.

SEE TODAY’S COMPLETE REPORT HERE

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