Stock Losses Get Trimmed as Sellers Become Exhausted
Stocks losses were being trimmed by midday and Seaport Securities' Jason Weisberg does not believe this is a situation of buyers jumping into the dip
Stocks began the day in selling territory but by midday the losses were being trimmed and the Dow was even trying to get into positive territory. Jason Weisberg of Seaport Securities does not believe this is a situation of buyers jumping into the dip but more that sellers have finished their trading for the day. He believes the current correction has been healthy since it has been a steady drumbeat on modest volume, and he sees no capitulation selling.
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