The market’s downward momentum accelerated drastically today by the low ISM number, stirring more economic concerns. The market could not hold its 10-day MA and it slid continuously until the close.
The Dow was down 370.03 points; SPX fell 44.18 points; and Nasdaq tumbled 73.28 points.
Most sectors were lower today:
VIX jumped +8.66%. Techs were […]
The market spent its time today letting off some steam. It held up well, with techs being a little weaker. This weekend, in my Market Forecast, I said,
“For the new week, I think the market could feel the need to vent. How the market handles the venting will be very important. …If the […]
That was a nice way to start the week, the month, and the new quarter!! In my Market Forecast this weekend, I said, “The overall market situation is perhaps better than I had thought. The sideways-trading this week has allowed the market to vent without losing any altitude, and in fact, it gained a […]
The market rallied today. The Dow gained almost +100 points! SPX added +8.21 points, and Nasdaq jumped another +15.58! This rally was actually well-distributed, in that some of the usual leaders just sort of “sat and watched”. For example, GOOG closed down 0.84 points, BIDU lost almost 12, AMZN was flat, […]
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_6.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_6.gif)
 |
