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Stocks came out of the starting gate on Monday morning like a thoroughbred on steroids, but after reaching top speed in the early afternoon, it ran out of gas and rolled downhill the rest of the way. The Dow, up about 440-points at the high, closed up just 46. That was the case across the board, big gains turned into modest gains with a couple dipping into negative territory.

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Stocks completed an awful week on Friday with the Dow taking another 425-point hit. The week saw the S&P 500 fall nearly 6% as the quest to test the February lows is on. Tests of the prior corrections lows is common. What happens when the indices do reach those lows again is questionable. Breakdown or double bottom? Place your bets!
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Stocks lost more ground to start the week yesterday, although some late buying helped moved the indices off their lows. The Dow closed down 336-points, which was about 130-points off the low of the day. The Nasdaq lagged while small caps held up slightly better, as did the Transportation Index, but it was a red day across the board.
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Despite a relentless rally which has led to extended prices and indicators, investors continue to have an appetite for stocks. After a long winning streak was snapped on Thursday, stocks resumed their winning ways on Friday with some small to moderate gains. The Dow gained 4-points but the Nasdaq had another solid day gaining 0.4%.

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TSP Talk Sentiment Survey results for the week of 12/01/14- 12/05/14

The TSP Talk Sentiment Survey came in at 57% bulls, 28% bears.

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