Every Sunday we host a live webinar called the week ahead. In it we highlight stocks, events, themes to watch for in the coming week. Tonight let's look back at the first full week of 2015.
This Sunday Tune in to the Week Ahead, right now lets look at The Week Behind:
$PCLN puts for 2,800%
$BITA calls go 1,800%
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?
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:
Stocks continue their recovery from the frenzied panicked selling of several weeks ago. I still see broken charts but the spectacular rally that we've seen off recent lows has repaired quite a few. Below I have a few charts up with key support, resistance lines. As far as where the market is headed going forward?
