Yesterday performed as expected in regards to a consolidation/correction. This correction may be over, or it may have a bit more downside left.
Some readers asked about the possibility of a top being in place, so I’ll address that…
Yesterday performed as expected in regards to a consolidation/correction. This correction may be over, or it may have a bit more downside left.
Some readers asked about the possibility of a top being in place, so I’ll address that…
May 20, 2011
The S&P 500 closed the day down 0.77% and the week down 0.34%. The index is 97.1% above the March 9 2009 closing low but 14.8% below the nominal all-time high of October 2007. Here are two charts of the index — with and without th…
May 10, 2011 new update
During the Great Financial Crisis, I updated this chart overlay on a daily basis. I retired it over a year ago, but I continue to post occasional updates on request. So here it is again, for a financial professional in Mou…
Extreme bullish sentiment does not bode well for the markets. Check out this piece from the SeekingAlpha website…
This week’s AAII sentiment survey is out, and the bullish sentiment is out of this world: 63% bullish and only 16% bearish, for a bull…