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Good evening StockBandits!
A flat open this morning quickly turned into a trend day to the downside as early weakness prompted more selling. A poor ISM number was fuel to the fire with stocks making immediate new lows on the news. [Read more…]
Good evening StockBandits!
The correction continued to run its course last week despite a couple of attempts to bounce. [Read more…]
Good evening StockBandits!
Tuesday’s inside day was lacking in several regards, as discussed here last night. Not only did price fail to recover the prior day’s losses (which would not be out of the question on an upside reversal day), but we also saw the averages unable to reclaim recently broken important levels – all on light upside volume. [Read more…]
Good evening StockBandits!
The oversold bounce arrived today with a snapback rally that left each of the averages in positive territory on the day. The only problem for the bulls was that it really paled in comparison to the swift declines of the past three sessions. [Read more…]
Good evening StockBandits!
The selloff which started last week saw continuation today with each of the averages losing more ground. The new week began pretty flat, but selling throughout the morning left the market painting just its third consecutive decline, yet at levels not seen in more than a month. [Read more…]
Good evening StockBandits!
The indexes took 2.6-to-3.1% haircuts in the last 2 sessions to end the holiday-shortened week in very poor technical shape. [Read more…]
Good evening StockBandits!
What kind of day was it in the market today? It depends on whether you’re looking at techs and small-caps, or if instead you’re looking at the blue chips. [Read more…]
Good evening StockBandits!
The S&P rallied right to resistance this morning to kick off the holiday-shortened week on a positive note. [Read more…]
Good evening StockBandits!
The indexes made some modest progress last week with the exception of the S&P, but breakout attempts failed to produce upside fireworks. [Read more…]
Good evening StockBandits!
The big turnaround we saw on Tuesday found follow through today as three of the four averages (DJIA excluded) that I watch daily broke out from their respective ranges to reach new multi-year or all-time highs. [Read more…]
