Markets Moving Down Again - Surprised?

Trend really is important. Financial stocks which had a huge one day rally yesterday are back down today. Take a look at XLF, AXP, JPM, C, BAC, MER, GS, LEH, MS and so on. A counter trend bounce that is not following through on day two. There should be no surprise here. This is why we have taught for years that counter trends have the greatest risk and the least reward and generally should be the last trend that traders lear to trade. Movning Up: CLF, X, CF, FSLR, MOS, BIDU, ANR, SOHU, PCLN, AGU, NUE, AGU, POT, IPI, MEE, SCHN, MON, DRYS, FWLT, ESRX Moving Down: MA, GS, DECK, AMZN, IBM, MER, LEH, MS, V, NKE, RIMM, CELG