The indexes closed down nearly 4% each today. We will know soon if this is the kind of pullback that is seen in bull rallies that seem scary, but resume higher, or whether we will see the resumption of the great Bear Market.
The S&P 500 closed below the bearish wedge pattern I posted last night, […]
The market finished higher on Friday on heavier volume, likely due to options expiration, and was the 6th straight week of gains for the indexes; a trend that has not been seen since 2007.
As you can see from this chart, the S&P 500 touched the top of this bearish rising-wedge pattern on Friday.
A breakdown is […]
It was a crazy day as the market chopped at the start, then rallied into the close. I had 12 stocks in my Watchlist for today, which is rare for me, and half of them triggered. Let’s look at those:
I screwed up the entry on this one by not updating it in the Watchlist. As […]
