At The End Of The Day.

Today we have experienced a pattern that has become all too common of late. That is a massive amount of selling in the markets in the last hour of the trading day. I've circled this phenomena on a 15 minute chart of the S&P 500 over about the last trading week. Today markets were essentially flat until about the last 15 minutes of the day. Investors will likely gain no confidence on a sustained uptrend until this pattern is broken for more than 1 day!

*Currently Long SPY and various S&P related ETF's for various client accounts.