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The Closing Look

ByGary Kaltbaum
1 Comment

Stock Market Commentary:
The long over due bounce finally occurred on Thursday after the S&P 500 came in within a few points of “re-testing” August and September 2015’s low. All week, we have been telling you the market was very oversold and way overdue to bounce. That is exactly what happened on Thursday. The key now is to analyze the health of this bounce and see if it can last more than a few days.

Gary’s Thoughts: Best guess…think August 26th…more upside, back and fill, possible retest but think low is in for right now…but I do not think there is a ton of upside…but stretched, extended and oversold as all heck will now get worked off.

One Comment

  1. This bounce is already being sold! I would say think Jan 2008. Something bad is lurking around the corner….really not sure what it is yet though. Market seems to have sniffed it though.

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