[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…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Today’s wild action warrants a special intra-week update so we are sending out a note today, instead of tomorrow. The U.S. stock market topped out last week and is now trading like a penny stock – which happens during bear markets, not bull markets. As we said in our…
[su_spoiler title=”Monday-Wednesday’s Action: Sellers Are In Control” style=”fancy”] Stocks opened lower on Monday but quickly turned higher as investors digested the latest round of economic data. Before the open, the empire state manufacturing index plunged to negative -14.92, missing consensus for a positive 4.75. The housing market index rose to 61, matching estimates…