Stock Market Commentary: Stocks traded all over the map on Monday. Overnight, Chinese stocks plunged another 5% which was not idea. US stocks opened higher but quickly turned negative after new sellers showed up and distributed stock. Towards the close, a big rip enabled the Dow to finish positive but the Nasdaq still finished down….
Our chart of the day is the intra-day day chart of the major indices. We will not post it because it looks like you put a crayon in a three year old’s hand and had him scribble all over the place.
SOURCE: https://www.youtube.com/watch?v=s_aDSyi5vBI
SOURCE: http://www.marketwatch.com/story/feds-lockhart-nothing-fundamentally-wrong-with-broad-us-economy-despite-bearish-stock-market-2016-01-11?mod=mw_share_twitter
Stock Market Overview: U.S. stock futures are up on Monday as investors digest last week’s historic sell-off. The market is deeply oversold and way overdue to bounce at some point. Gary has expressed caution and has been telling you about how the market has been getting weaker not stronger over much of 2015. Gary’s Thoughts: Our measures of overbought/oversold…
http://www.foxbusiness.com/economy-policy/2016/01/08/week-ahead-fed-speeches-retail-sales/?intcmp=bigtopmarketfeatures
http://www.foxbusiness.com/markets/2016/01/08/bad-start-for-stocks-can-foreshadow-year-in-stocks/?intcmp=marketfeatures
http://www.reuters.com/article/us-usa-security-tech-idUSKBN0UM25Q20160108
http://www.foxbusiness.com/industries/2016/01/08/watch-for-these-5-cars-at-detroit-auto-show/?intcmp=marketfeatures
http://www.foxbusiness.com/economy-policy/2016/01/08/fox-news-poll-national-security-is-top-issue-for-gop-voters/?intcmp=bigtopmarketfeaturesside
