The market may have done well to hold itself together yesterday but a second heavy down day in the US was destined to bring in sellers locally. Our market basically had a trend day, opening high and trading straight lower for the entire session. Shorter term traders would certainly be nervous going home long in this environment. Daily momentum is now firmly down and daily trend will be close tobeing down after a weakness over the last few weeks.

Similar stock trading tips:

1. Friday 5th August, 2011
2. Friday 4th November, 2011
3. Friday 11th November, 2011