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  1. Bulls Need to Counter

    Quote Originally Posted by coolhand View Post
    The bears are certainly letting the bulls know that they are not just simply going to go away. The markets fell again today with price now testing support near the last low.

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    Price does remain above the 50 dma, so that's a plus for the bulls. The bulls do need to turn price back up for another run at the 200 dma or risk additional selling with a possible test of the 50 dma first. Momentum is turning down.
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  2. TSP Talk Market Commentary 5/13/2020

    Stocks opened mostly higher on Tuesday but it turned into a Turnaround Tuesday as the indices flipped to the down side and the selling intensified in that last hour of trading. The Dow lost 457-points. Those big tech stocks that we have been talking about were all flying high in early trading, and once they turned around, the rest of the market relented and fell along with them.

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