Tag Archives for " XHB "

Stock Market Decline…Most in 12 Weeks

Selling continues on Friday with the DJIA down 200, the SPX down 23 and the Nasdaq down 77 points. Almost all the indices closed the day and the week either on their lows or just fractionally off the lows. It doesn’t paint a pretty picture for Monday.

The stock market decline was the largest of the last 12 weeks. The last week to drop this much or more was the week ending August 21. That Friday was followed by the huge wave of selling on Monday August 24th.

In today’s video I talk about the “line in the sand” that, if crossed, confirms my Elliott Wave count. And when that happens we will be moving to new lows below 1867 on the SPX. So as I said in my post/video on October 31, “fasten your seatbelts”. Continue reading

Whipsaw Friday

whipsaw FridayThe markets are still extremely volatile as the DJIA was down over 250 points at one point on Friday but closed up 200.  A huge whipsaw day…enough to give anyone indigestion. The market was trying to digest the jobs report that was released Friday morning showing less than expected job growth and downward revisions to July and August.

This market has still not demonstrated the type of pessimism at a selloff low that was shown in 2011 much less 2008/2009. I talk about this in today’s Weekend Market Analysis video (below). In addition to our normal key ETFs that I review on the weekend, I add several more sector ETFs to look at a total of 10 broad sectors and 2 more specialized sectors. Continue reading

Sell-off Resumes

sell-off resumesAfter the pause day yesterday, the sell-off resumed with a vengeance today. At one point the DJIA was down nearly 300 points. Declining stocks led advancing stock on the NYSE by 4:1 and the number of 52 week new lows on the NYSE was the highest since Aug. 26th. In today’s Weekday Market Wrap video (below) I look at all the action. Continue reading

1 2 3 4

Powered by WishList Member - Membership Software