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Yesterday’s market bounce was not that impressive, but it wasn’t expected to be. It was potentially the start of the whimper rally, the last phase of the short set-up seen developing last Thursday and Friday. Still, I’m almost surprised how weak the market is and was today. The S&P is down 5 of the last […]Read More »
Today was yet another volatile day that started with a choppy overnight session. NASDAQ futures were down 1% before the open, up +1.5% early in the cash session and ended lowe by -2.1%. It wasn’t just NASDAQ, the price volatility was market wide in what ended up being broad-based decline with a de-leveraging feel. Nothing […]Read More »
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2:07 p.m. ET The averages have paused near session lows since the last update, but they haven’t been able to put any rebound together. Small Caps (-2.7%) and the Dow (-2.9%) are down the least, but Dow is still down 850 points. Then the S&P-500 at -3.5%, and NASDAQ worst -5%. They haven’t even really […]Read More »