Using last months recovery as a guide, this is where we are in the context of this rally for S&P 500 futures.
Tag Archives: spy
Wednesday Recap – $WMT $PCLN $BITA $JCP $HD $Z
Stocks rallied today to end a 5 trading day losing streak. Leading the way were retailers with $WMT, $M, and $JCP soaring higher. $BIG, $Z, and $CMG also rocketed higher, erasing what had been a terrible start to 2015. Is today's action indicative of what we will see going forward? Is that V bottom coming?
The end of the ‘V’ Bottom?
We head into 2015 with the S&P up 6 years in a row, and many expecting it to be 7 after this one is in the books. I have been somewhat bullish throughout that time, finally giving up a short thesis in the fall of 2011, and fully embracing this bull market. My most recent call, was for the S&P to cross the 2k level in 2014, and it did. You can read my thoughts here :
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?
Monday Post Mortem
Stock futures opened lower Sunday night, bounced into positive territory and then sold off as the European markets opened for trade. It was a bloodbath in many names as the Dow Jones Industrial Average dropped over 300 points. Crude oil plunged to new 5+ year lows amid a glut of supply. Bonds and the US Dollar were strong, as the VIX moved over the key 20 figure.
With today's sell-off already in the books, what will tomorrow bring?