OK, it's a range day, guess I had "perfect" timing calling downtrend day earlier.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Pretty clear big traders have an agenda today. Thinking it is too soon for the ABC to end this up move. Need options expiration behind us and some not so hot earnings forecasts for the next leg down.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Wow, needed the big Kahuna, the double aught for the bounce. Don't these people read anything? What did they expect from the Fed. They said they were going to destroy the economy of the western world like they always do and if they back off because of a little pull back in the market and a drop in major consumer purchases then what will be left of their credibility. What did the markets expect to feel when the Fed started to cut back on their morphine drip of liquidity? Maybe Kudlow will say something before the close