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Daily Market Commentary

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  1. Another reversal. This one down

    After spending most of the night in negative territory, investors woke up to a big ...
  2. Stocks attempt another positive reversal

    Stocks were flat to mixed on Monday but it was a positive day as we saw a big reversal day after the Dow ...
  3. Bear flag breakdowns, or no?

    Stocks fell sharply as the volatility continues. The day started out with a 150+ point gain for the Dow after the release of the jobs report, so the big positive reversal day we had on Thursday did its job of following through on the upside at the open, but it failed to hold and the Dow ended the day down another dramatic 559-points.

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  4. Big positive reversal, but where was the volume?

    It was another wild ride on Wall Street Thursday as stocks opened sharply lower and we saw losses near 800-points again for the Dow, after losing 800 on Tuesday. But the downside pressure was like a rubber band that was ready to snap back, and that's what it did, and the 785-point morning loss in the Dow was nearly erased and it ...
  5. Someone pulled the plug

    Stocks were pounded on Tuesday and if you asked 5 people why they were down, you may have gotten 5 different answers from the trade deal with China not actually being a deal, to the economy is slowing, to political issues, but we have been looking at the charts as many had reached some overhead resistance that clearly held. The ...
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