The Bernanke Slide - Stocks were looking to break a 4-day losing streak yesterday, and they were sailing along with the Dow up 80-points before the market started to do the Bernanke Slide late in the afternoon. By the close, the Dow had lost 19-points... Current Daily Market Commentary Market Commentary for 6/08/11
Some lines in the sand - The bleeding continued for stocks yesterday as the indices lost another 1% or more on the day, as the jobs report hangover lingered. The Dow lost 61-points on the day and the charts continue to break down... Current Daily Market Commentary Market Commentary for 6/07/11
Stocks picked up where they left off Friday, as the major averages saw moderate to heavy losses. The broader market closed not far off its lows of the day. The S&P 500 dropped 1.08%, the Nasdaq 1.11%, the Dow 0.5%, and the Wilshire 4500 a hefty 1.61%.
We haven't seen these levels since March 23.
Of particular note today was the fact that financials underperformed the broader market as the sector fell about 2.0%.
Crude oil dropped below the $100 dollar
Updated 06-06-2011 at 06:50 PM by coolhand
Breaking down, but due for a rebound - Stocks were rocked again on Friday after the announcement of the May jobs report, which many expected to be bad, was even worse than expected. The Dow was down about 140-points at the open on Friday, nearly came back to break-even, but closed down 97... Current Daily Market Commentary Market Commentary for 6/06/11
The Seven Sentinels are on a sell, and the charts aren't looking bullish, but time and time again we see this market put in sharp reversals that leave slower traders in the dust. We could be seeing this playing out once again as the market has been hitting lower lows for about a month now. The right catalyst could see prices propel to new highs. I'm of the opinion that the market is winding up for just such an event. It's the timing that's in question. So how are we positioned for the first full