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Originally Posted by coolhand

Last week was not pretty for the bulls. All 3 TSP stock funds were down more than 5%.




The charts are now showing significant technical damage with price on both charts sitting below their 50 dma's. Momentum continues to fall. The S&P 500 looks like it may try to test its 200 dma. It's an attractive target for the bears, but that would require another day like we had last Wednesday. Volume has been elevated

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Stock indices had their worst weekly performance since the pandemic driven sell-off in March. Well here we are seven months later and the pandemic's potential effect on the economy continues to control the market. New cases are surging and the market's worst fear of more economic shut downs are beginning to manifest.

If COVID was not enough to induce selling, there is more uncertainty of the outcome of the election next week than ever. Not only does the market carry the weight of a ...

Stocks bounced back on Thursday after some strong economic data was released, but there was a late fade heading into the highly anticipated earnings reports after the bell. The Dow was down 230-points at the lows of the day, and up 370-points at the day's high, and ended somewhere in the middle at +139. The Nasdaq led on the upside, probably in anticipation of decent numbers from those FAANG stocks, but that turned into a mixed bag.

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Originally Posted by coolhand

The bulls finally bounced the market today. There is no way to really know if the market has bottomed so I'd not bet on it unless you're positioning yourself for a possible launch (or at least bottom) over the days ahead. Some rallies can manifest quickly and go deep, just like declines. NAAIM is straddling the market between neutral and bullish positions. They are definitely not bearish.




Not much to

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Stocks took another pummeling with the Dow dropping nearly 1000 points on the day, and 3% - 4% losses in many of the indices. There was very little attempt by the bulls to do any buying. The next week ahead of us is going to be packed full of news and events and the market could do anything, and that makes it tough to keep emotions out of trading. Normally buy low, sell high, is a winning mantra, but as we saw in March, low can get really low a times.


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