Another down day, but... - Stocks were down again yesterday although we did see a nice intra-day reversal when buyers stepped in... Market Commentary for 1/21/11 Current Daily Market Commentary
TSP Talk Sentiment Survey results for the week of 01/24/11 - 01/28/11 Buy: Our Sentiment Survey System remains in a 100% S-fund allocation for the week of 01/24/11 - 01/28/11 after the fresh new buy signal.
The bulls (39%) to bears (52%) ratio is 0.75 to 1, which is a buy signal so the allocation remains 100% S-Fund for next week. Bull market rules are in affect since 9/27/10: See latest survey results
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It certainly appears the character of this market is changing. After yesterday's hard sell-off, I was anticipating we'd see some measure of a rally attempt. And we did, but it was from much lower than yesterday's closing prices and it wasn't evenly distributed as the S&P closed a modest 0.13%, while the broader market (Wilshire 4500) got whacked for 0.95%. Those represent our C and S funds. The Nasdaq was clipped for -0.77%, while the DOW was nearly flat at a -0.02%. It should be noted that closing
Updated 01-20-2011 at 09:54 PM by coolhand
Back to the bottom - Stocks were hit hard yesterday, some more than others, as the Dow lost just 12-points (-0.1%), but the other indices fell between 1.0% and over 2.0% on the day.... Market Commentary for 1/20/11 Current Daily Market Commentary
It's been awhile since we've seen some serious selling pressure, but we got some today as the S&P 500 and Nasdaq posted their worst losses since November. And if it wasn't for IBM's solid performance today, the DOW may have closed much lower than it's modest 0.11% too.
During the morning session, losses were not severe enough for me to consider lightening up as we've seen weakness yield to strength so many times in the past few weeks. But after our noon deadline passed it became more