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  1. coolhand's Avatar

    Expect More Choppy Action

    by
    coolhand
    , 05-07-2020 at 06:03 PM (Coolhand's Market Analysis)
    Quote Originally Posted by coolhand View Post
    The bulls bounced the market today, but the sellers came in later in the trading day and erased some of the gains.

    The big guys are here!!!!-s-p-500-png
    The big guys are here!!!!-dwcpf-png

    The charts still good from a bullish perspective.

    The big guys are here!!!!-nyad-png

    Breadth ticked higher and is back to a bullish stance, but not by a lot.

    NAAIM saw a decrease in bullishness, but the bearishness also saw a small decrease. In essence,
    ...
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  2. tsptalk's Avatar

    TSP Talk Market Commentary 5/07/2020

    by
    tsptalk
    , 05-07-2020 at 01:11 AM (TSP Talk Blog)
    Stocks opened higher higher on Wednesday, but we came into the day after Tuesday's negative reversal day, so we anticipated some kind of attempt from the bears to follow through on the downside at some point during the day. They did so by selling the opening gains, and again selling into the close, after a midday rebound. The Dow ended the day down 218-points, which was near the lows of the day. Oil and bonds were down on the day.

     ...
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    Daily Market Commentary
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