Recent Blogs Posts

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Markets are spewing chunks and what was supposed to be the best month of the year, laid a big fat goose egg for many of the indexes.


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AGG
Ouch! Suffering the single largest O-column this year, AGG has met its bearish price objective. At this juncture, I won't venture to guess where the bottom is, but I will watch for a recapture of the 111.03 or 50% of the recent decline.


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SPX
Flipping ...

Stocks wobbled out of the gate on Wednesday after a much weaker than expected GDP report. Expectations were for +1.0% growth in the first quarter and it came out as +0.2%. The selling subsided in early afternoon trading as the Fed took the stage, but their take was that rate hikes are still on the table this year despite the weakening economy. Investors spent the rest of the afternoon trying to digest that info and the Dow closed down 75-points, which was actually about 100-points off ...