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  1. The Bulls Push Back

    Quote Originally Posted by coolhand View Post
    The bears tried to press their downside pressure, but the bulls finally stepped in and drove price back into positive territory.

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    The 50 dma did not get tested, but close may be enough. I suspect a bottom is in for the moment, but the battle is likely to continue over the days ahead.

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    Breadth remains negative.

    NAAIM came in neutral,
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  2. TSP Talk Market Commentary 5/14/2020

    Stocks opened mostly flat on Wednesday but some comments from the Fed Chairman Powell changed things in a hurry. The Dow lost 517-points, which was actually well off the lows of the day which was closer to a 700 point loss. Small caps lagged, bonds were up, and the question now is, has the bear market rally run its course?

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