Despite yesterdays 572 point collapse of the Dow Jones Industrial Average, and 2% declines across the board for the main indices the market is nearly right where it was two weeks ago.
Tag Archives: iwm
Morning Market Perpsective
Where Do We Go From Here?
Last week I covered the wedge break in my morning outlook:
And when the wedge broke the market did fall and down came equity prices FANG and all.
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Stranger Things
Another new record high was achieved yesterday for the market, of course what followed was a fairly dramatic decline in the technology sector, with some of the biggest names taking the biggest tumbles. Perhaps technology took a peak at the 'upside down'.... a strange world where the price of equities trend lower, not higher. Yet like the other nasty tech sell-offs we have seen this year, the buyers resurface the next trading session and record high prices return.
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