General Options Blog

Morning Thoughts

Stocks set to Fall ahead of  the start of Fall.

Stocks were set to start the week with a strong showing yesterday, only to see big gains evaporate later in the day.  The market turned red before a massive buying spree sent indices ripping higher into the close.  Stock futures continued to rally after the bell.   If this was April and not September, perhaps stocks would be higher this morning as well.  As it turns out, the sellers awoke early this morning to join the Europeans in this market rout.

That selling has continued this morning, and with a mere 30 minutes to the opening bell stocks are set to open almost 2% lower.  The bullish buying frenzy of yesterday has morphed into a terrible Tuesday selling spree.  This two faced market continues to astound.  As I've been saying since the market crash many Monday's ago, I think prices are coming back down to those crash levels.  It's taken some time, but you can see the action getting increasingly bearish.

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