The Closing Look

It was an ugly day and week on Wall Street. Stocks fell hard on Friday and several important areas of the market broke below important levels of support. Before Friday’s open, the government said Retail Sales rose by 1.3%, which was the highest jump since March 2015. Meanwhile, in the real-world, retail stocks are getting mauled. Elsewhere, The Dow, S&P 500, and a slew of financials, broke below their respective 50 DMA lines.

Gary’s Thoughts: TEETERING!