[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] We are operating with the notion that the market confirmed a large topping process on Aug 20 (the day the S&P 500 sliced and closed below 2,040 – the important support level that we highlighted for you since the Spring). The fact that global capital markets (stocks, currencies and commodities)…
[su_spoiler title=”Monday-Wednesday’s Action: Record Moves Up & Down On Wall Street” style=”fancy”] U.S. stocks experienced their weakest open in history after Asian markets plunged on continued growth concerns. China’s Shanghai Composite tanked -8.5% overnight which sparked a global sell-off. Before Monday’s open, “fear took over” causing the Dow & S&P 500 futures were…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] It was a historic and very wild week on Wall Street with record point moves (up and down) almost every day of the week. Typically, massive sell-offs do not recover overnight. Additionally, massive selloffs followed by record volatility normally leads to lower, not higher prices – especially when they…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The market continues to look weak and moves are very erratic in nature (both up and down). The market is bouncing from very oversold levels and still remains very extended to the downside. This has been a record (and very wild week) on Wall Street. Volatility soared and we…