The Bulls Make A Stand?

Friends  How about that? A big up day for the bulls. Now the test will be can they post some gains tomorrow and put 2 up days together. We’ve talked about vicious rallies that accompany pullbacks/corrections/bear markets. What we need to see before getting excited, is some follow through...

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Midday Report

Friends  Stocks once again were under heavy selling pressure this morning with the S&P 500 falling into correction territory (correction territory is defined by a 10% or more decline from the highs). Earnings disappointments from the likes of Amazon and Google fueled the decline in the futures overnight and...

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Countertrend SnapBack Rally?

Friends   Down 600 points one day. Up 400 points the next day. You might wonder what is the difference between yesterday and today in terms of market moves. Well, nothing really. This is how corrections/disruptions/even bear markets play out. Declines are quick and sharp, and countertrend rallies are...

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Stocks Tumble

Friends   Checking in again from the road. As we mentioned, we’re likely not done with the volatility, and the ever increasing tensions on the political landscape aren’t helping.   For the day, the Dow Jones Industrial Average was down 608 points to finish the day at 24,583. The...

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Headwinds and Volatility

Friends  Checking in from the road. Stocks had a very volatile trading session today. After being down more than 550 Dow points, stocks rallied back throughout the afternoon to post more modest losses.   Earnings have been ok, but as we worried, companies are speaking cautiously about the future....

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Small Rally Fails

Friends Stocks made several attempts to add to Friday’s modest recovery, but in the last half hour the bears got the upper hand. The Dow had been up more than 100 points early in the afternoon before wilting, but you could feel the sense of caution among market participants....

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