Market Update: It was another ugly day on Wall Street. Stocks fell hard, then tried to bounce, then fell again into the close. OPEC came out at 2:38pm EST and said the cartel may be ready to cut production and that sparked a big intra-day rally on Wall Street. Crude oil also jumped on…
Market Update: It is another ugly start to the week as sellers remain in control. Shortly after today’s open, the market tried to rally but sellers showed up and quickly sent stocks lower. For all of 2016, rallies on Wall Street are lasting a few hours which is not a healthy sign. The inability for…
Dear All: 1. There is one 1 New Working Order And A Lot Of Damage Highlighted In This Week’s Report 2. Recent Media: CNBC: Nasdaq sheds 3% amid massive tech sell-offFriday, February 05, 2016 Voice of America: February Brings More Volatility to US Stock MarketsFriday, February 05, 2016 Forbes: 5 Winners & Losers From Earnings Season So…
Market Update: The market remains in lousy shape as the chop-fest continues on Wall Street. Over the past three weeks, the major indices have paused and are forming a bearish flag or bearish wedge pattern (depending on the index). Barring more printing/easy money from the Fed/Central Banks, this is not healthy action and suggests lower…