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4.4.2017 Bookmark

4.4.2017

Pretty much "in your face", no? Yes.  

Yesterday the market was in a foul mood and willing to trade considerably lower. In the first hours of the session we fell and fell, with the DOW down over 140 points at one moment. But then "magic" happened. As the DOW and the S&P touched upon their respective 50 day moving averages, they halted the slide, and started the climb back up.  About ten minutes ahead of the close, the DOW peeked green for a second before dipping down a bit again.  When the final bell rang we were down just 12 on the DOW, and 3 on the S&P. Magic I tell ya. 

3.22.2017 Bookmark

3.22.2017

Decision day. 

I'm sure that most of you are aware that the vaunted "108 days without a 1% fall" has  been snapped. Yesterday the markets put on a pout party, starting shortly after 10 am and it never recovered.  The DOW dropped 237, the S&P fell 24. 

We lost the "box" we'd been trading in. The floor of the box on the DOW was about 10750. We closed below it. The floor on the S&P was 2350. We fell below it. 

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