Wild Ride Continues
The stock market roared back with a vengeance today with the DJIA up 217 points, the SPX up 30 and the Nasdaq up 87. Ever since the break down in August the volatility has stayed strong giving investors and traders a wild ride.
The market is still very overbought and no life is showing in the Hi-Lo indicator either. In tonight’s Weekday Market Wrap video I look at all the indices and indicators. I also review a couple of trade ideas and talk about Seagate Technologies (STX), which again demonstrated the vulnerability of stocks. Continue reading