Thursday Charts, Reads, Scans, and News
Tag Archives: morning
Morning Perspective
Yesterday was the first real pull back for the market in quite a long time. It felt so long, it brought me back to the movie Groundhogs day where the same Day keeps playing over and over and over again.
Yesterday looked that way. We had a morning dip, but this time it wasn't bought right away.
Wednesday Market Perspective: The Brexit Breakout
Another named calamity ready to bestow a massive correction in stock prices has come and offered yet another reason why every named sell-off since the March 2009 lows has been a great buying opportunity. The Brexit Breakout, the most recent named sell-off has launched the S&P500 above its long term consolidation range and to new record highs.
Divided Kingdom Creates Historic Market Moves
The long awaited Brexit is now reality. The final vote is in. The United Kingdom has voted to leave the European Union by a 4% margin. Not exactly a resounding victory and reflects more a Divided Kingdom than a United One. The markets, in response, are busy putting in some historic moves.