Market Update The long overdue pullback finally arrived on Thursday after the S&P 500 came within a few points of “retesting” Aug and September 2015’s low (attached). The S&P 500 actually turned higher for the week which is a strong defensive stance in the near term. Several former leaders (a.k.a. high beta stocks) bounced after…
Market Update: The market remains DEEPLY oversold and is way overdue to bounce. The fact that the market can’t bounce (or hasn’t been able to bounce – yet) illustrates how weak the bulls are right now. Oil prices plunged below $30 a barrel today (after being up in the morning) for the first time in…
Dear All: 1. We have a special report for you this week in light of last week’s shellacking on Wall Street. 2. Recent Media Appearances: Forbes: Surprised By Last Week’s Sell Off? You Shouldn’t Be & Here’s Why Saturday, January 09, 2016 Int’l Business Times: Dow Jones Industrial Average Drops Nearly 400 Points In Global Sell-Off Monday, January…
Market Update: Allow us to be clear, the major indices are in the process of topping out and barring some large unforeseen reversal to the upside – we are headed into a long overdue bear market for stocks (and possibly a global recession). A few of the major indices are now in correction territory (defined…