Market Looks Toppy and A Closer Look At The Dow The market is getting weaker, not stronger. We are continuing to see more and more deterioration occurring as the major indices look toppy up here. The tape continues to break down. The bull market is over 6.5 years old and that is considered an aging…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The major indices continue moving sideways as the tape remains very split. Earnings roulette (Thank you Gary Kaltbaum/GaryK.com) continues in spades as we continue to see a handful of stocks gap up and gap down after reporting earnings. Apple broke below a key level of support on Monday and continued…
[image] [su_spoiler title=”Monday-Wednesday’s Action: Bulls Defend 200 DMA” style=”fancy”] Stocks fell hard on Monday dragged lower by a huge -8.5% decline in China’s Shanghai composite. A lot of technical damage occurred on Monday as the Dow Jones Industrial Average and the small-cap Russell 2000 index both sliced below their July 7, 2015 near term low…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] July 2015 was a volatile month as investors had to navigate two potential external shocks (Greece and China) and digest a slew of economic and earnings data. After all was said and done, stocks ended the week and month higher after successfully testing critical support (bottom of the year-long…