R.C. Market Report 10.21

• Market Trend: Downtrend

• Today was a very frustrating day to trade. We were down, up, down, up, and a strong selloff in the final hour. Overall, the volume wasn't high but higher than yesterday's. It's hard to gauge what the market will do tomorrow but we haven't had a rally that hasn't failed yet. We really need to see an upday with good price action backed by solid volume, and/or a rally that extends for more than just one day. Until I see that happen, I'll remain slightly more bearish in my trades.