Futures are higher this morning, following the 5th red session in a row for the S&P.
Wednesday Morning Reads – 1/7/15
Yesterday's sell-off brought the losing streak to 5. Throughout last year the market was hard pressed to string a mere 2 consecutive down days together. Starting off 2015 with such a negative bias is bringing out those 'bear market' and "Ali Ba Ba' top callers from late last year. Has the market topped? I'm not so sure.
Tuesday Recap
Stocks sold off in spectacular fashion today, continuing a streak of selling that started with the last two trading sessions of 2014. When stocks made their final explosive push lower today, they began to sharply rebound, before seeing sellers take over into the close. Have stocks bottomed for now?
Morning Charts – $BIDU $CMG $TSLA $BABA
Tuesday Morning Reads – 1/6/15
Stock futures are recovering from their sharp decline yesterday, which was the fourth straight down day for the markets. 2015 is off to a terrible start, and many think that this is a sign of things to come. A bear market? The talk of one is back again. Last August and October were supposed to be the start of a new bear market.... those calls didn't work out too well. It's a new year, what better time to wipe the slate clean of previous failed market calls than a few days into 2015.
Here is what I am reading this morning: