Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
iPhone Forum App | Android Forum App |
Forum Runner App |
TapaTalk Forum App
Mobile Styles for MB | TSP Talk Toolbar
* - Politics Forum Thread (How to Gain Access)
$ - Premium Service Content (Info)
Find us on: Facebook & Twitter | Forum Apps |
User Titles Explained | Posting Copyrighted Material
It was quite the battle between the bulls and bears this week. Intraday choppy action was the consistent theme but with the sell-off in the price of oil on their side, the bears came out on top.
The recent selling in the oil market has dragged energy stocks down along with it effecting markets around the globe. Buyers pushed Thursday to keep weekly losses to minimum but after stocks opened down Friday morning there was no response by the bulls and the damage was done across the board.
Stocks had a nice day gains-wise on Thursday, but sellers did step up during the last hour of trading and turn a 200-point gain in the Dow, down to an 82-point gain by the close. Once again a negative intraday reversal in oil seemed to be the culprit.
Stocks came roaring out of the gate on Wednesday morning, posting some big early gains, but that didn't last long. About an hour into the trading day things reversed rather dramatically, falling down in sympathy with the price of oil for the next two and half hours before bottoming in the early afternoon. The Dow gave up 76-points, but once again we saw larger percentage losses in the broader indices.
Stocks lost ground again on Tuesday although for a second straight day the buyers are stepping up and taking the indices well off their worst intraday levels. The Dow ended the day down 163-points, while the price of oil rebounded slightly but remains near the 2008-2009 lows.
Stocks opened relatively flat on Monday but sellers took control early and pushed the Dow down over 200-points a couple of times before we saw some buying kick in later in the day. By the close the Dow was down 117-points, a nice improvement, but once again we saw more weakness from the small caps and Transports.