Bulls looking for a bounce but can’t hold highs
The market has finally snapped.
It’s the same old story folks. The bears bring the market indexes down to critical support zones.
It was an Interesting day today
The day started out happily with a decent Jobs Report, which allowed for some decent upside, and a gap up today, across all the major index charts.
Rotation continues. While many areas unwind we see rotation as usual.
What a day. Another day of the Q’s closing below the open, and the SPDR S&P 500 (SPY) closing above.
ugly day for nasdaq composite on Friday
So now that the bears finally have froth below the key 50-day exponential moving average on the daily
There is really not much to add from what I spoke about on Friday.
Data dependent. If the economy continues to recover, Ms. Yellen says that she’ll continue the tapering until it’s at zero.
Personally, I thought the odds were against the market today.
The bulls will take a quiet day after yesterday’s big move up
Mr. Putin has taken some aggressive action moving into the Ukraine.