Author: Gary Kaltbaum

Many of the areas that have been hit hard past couple of days are near-term oversold so suspect some bouncing soon but the big picture has not change. In fact, the diverging narrowness (not sure what that means) worsens. While the Dow was down over 160, while commodities got whipped again…while advance/declines were again horrid…while…

Up 168…down 158…down 252…up 370…down 117 after being down over 200. Welcome to the nonsense. But for us, these recent wild swings are less important than the big picture and that remains the narrowness in the market, that if not broadened out, will eventually come back to haunt the market as it always does. Nothing…