by Gary S. Morrow | Dec 31, 2018 | Market Update
First down year since 2008 for the S&P 500, Dow Jones Industrials and the Nasdaq 100. Since the 2009 lows the S&P 500 Index is up ‘only’ 275% following the painful bear market of 2018. Good riddance. Hat tip Charlie...
by Gary S. Morrow | Dec 26, 2018 | Market Update
On Monday the S&P 500 Index entered bear market territory: Today, the biggest one day rally, ever(in terms of points). Here’s how today stacks up(Dow Jones Industrials): And the S&P 500 Index: Is a bottom finally in? Too early to tell, but needless...
by Gary S. Morrow | Dec 24, 2018 | Chart of the Day, Market Update
Can’t get much worse, or can it? This is what capitulation looks like. More here from CNN.com: ...
by Gary S. Morrow | Dec 19, 2018 | Chart of the Day, Charts
The Dow Jones Industrial Average closed down 352 points today. Ahead of the Fed announcement the Dow was up just over 380 points. At the day’s low the Dow had fallen nearly 900 points from the intra day high before mounting a late bounce. The Dow closed at...
by Gary S. Morrow | Dec 17, 2018 | Chart of the Day, Charts
The $BKX is testing its 40 week moving average this morning for the first time since Aug. ’16. At this morning’s early low the $BKX was off 25% from this year’s peak. Down 15% since retesting the wall;...
