Just a quick banking concern complaint to reverberate what I was discussing amongst traders piece of cake inward the afternoon. We had a negative tidings exceptional regarding Fitch's downgrade of California debt, in addition to selling inward stocks speedily ensued. As nosotros moved forward, however, that selling abated in addition to nosotros began to encounter the NYSE TICK accumulate positive values. When negative tidings cannot popular off on a marketplace down, it's a skilful sign that sellers cannot dominate. Once that happens, those sellers convey to cover, contributing to subsequent strength.
It's an of import lesson: merely equally of import equally the tidings is how markets answer to news. When nosotros can't become lower on bad news, that tends to endure skilful tidings for bulls.
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