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It was a bit of a rollercoaster ride on Wednesday, but the bulls were able to withstand a late morning push by the bears. By the close, the Dow had gained 122-points, which was off the early highs, but also well off the lows too, and the indices basically traded within a recent rising channel, that could be considered "F" flags.
Oil traded in a volatile range yesterday and that's something
Stocks took a breather on Tuesday where neither the bulls nor the bears could make much headway, but some stiff overhead resistance held giving the bulls a reason to do a little profit taking. The Dow gained 14-points with most of that gain coming from a 7.7% pop in DuPont's stock price and a jump in oil related companies, while the broader major indices all suffered moderate losses.
Stocks gapped up at Monday's open and trended higher all day closing near the highs. The Dow gained 304-points on the day and we saw gains at or near 2% across the board. Volume was surprisingly unimpressive.
TSP Talk Sentiment Survey results for the week of 10/05/15 - 10/09/15
The TSP Talk Sentiment Survey came in at 39% bulls, 46% bears.
See latest survey results
Get the Sentiment System Signals...
Stocks completed a wild week with a wild day on Friday after the "disappointing" jobs report - or was it?
Stocks opened precipitously lower on Friday morning after the jobs report came up about 60,000 jobs short of expectations. Within minutes, the Dow was down 260-points and it looked like the rebound off the lows was in jeopardy.
Fast forward 6 hours and the Dow ended the day up 200-points.