technically weak
Technically Weak Market
In technical analysis, a market that is falling on high volume or rising on low volume. Technical weakness or strength is important to determining a security's or market's momentum. Falling on high volume or rising on low volume means that it is likely that the security or market is on a bearish trend.
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technically weak
Used to describe a security or the whole market when technical indicators point toward a price decline. For example, small investors may step up odd-lot purchases of securities, the number of stocks hitting new highs may be small, and market volume on days the averages are rising may be light. Together these things indicate a technically weak stock market.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.