Finally a bit of selling. Nothing to write home about if you're an ardent bear, but at least you have some lower prices this week for the first time in quite a while. The bears didn't do anything in terms of taking out any major support, which will be their goal in the days and weeks ahead, but for now, they've at least stopped the upside bleeding that have their short positions in a lot of pain.
The stock market had a very interesting snapback on Thursday after a very nasty opening following Wednesday’s late sell-off. They did a retracement back to key resistance and in the last hour they rolled over again.
The ProShares UltraShort 20+ Year Treasury (TBT) continues to trade firm, reflecting upward pressure on longer-term Treasury yield.
The stock market indices had a very interesting day today and ended lower, but it could have been a lot worse. The day started out with big gaps down as foreign markets were sharply lower. The indices gapped lower and reached all the way down to 2966 on the Nasdaq 100 and 1635.
Has "The Great Convergence" started, which will reverse some of "The Great Divergence" between the S&P Index and the Gold Miners? With yesterday's high volume, key-downside reversal in the SPDR S&P 500 (SPY), juxtaposed against yesterday's positive performa
The stock market had a nasty reversal on Wednesday, and the top hit new all-time highs, just as we expected. Downside follow-through is important. We had the futures down sharply earlier, and now they’re flagging.