Recent Blogs Posts

Originally Posted by coolhand

The bulls managed to reverse yesterday's loss, but they didn't make any statements.




Price on the DWCPF managed to close above its 50 dma, but not by a lot. It's a bit misleading to look at that chart and then realize that the DWCPF tacked on gains of about 2.5%. That certainly shows us how far from the top it remains. Price on the S&P bounced off its 50 dma (after closing right on it yesterday). The

...

It could have been worse, but that was bad. Monday opened a little flat - which was kind of a surprise because we did have a setup to either gap up to the upside, or sell off completely, but instead it was a flat open that started to get bought right away. The Nasdaq peaked early but the other indices rallied sharply into the early afternoon and we saw gains over 1% in many indices. That started to fade as the afternoon went on, and by the close we saw some nasty negative reversals.
...