After four straight afternoon fades in the stock market and one neutral day, the bulls FINALLY were able to overcome a gap down open and closed near the highs for the day on Friday. However, one day doesn’t change the pullback theme of the last six weeks. Today, stocks are going to open higher with help from several deals announced along with Europe on firmer footing. AT&T buying Time Warner for $85 billion certainly is an eye opener, so much […]
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Just a very quick post as I am in catch up mode from being out on Mon and Tues with the Jewish holiday as well as working on month and quarter end reconciliation and reporting for the next week. The story of Tuesday was the collapse in gold and silver and the stocks. It was an ugly rout, but not unexpected given the somewhat bearish chart pattern below. I wanted to point out that this 28% decline may be close […]
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