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.
Stock futures are strong this morning, with a spike higher as the European markets opened for trade. Will we see this strength continue the entire session? Or is this just higher prices for the sellers to exit their positions from?
Here is what I am reading this morning: