Tag: capitulation

Capitulation Day Tomorrow?

The third trading day of the week brought the third day of losses to the major indices. From a technical standpoint it appears as though the markets will test the October lows. The 64K question is whether or not support will hold. If the support fails, we may get that capitulation day that everyone was

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Large Moves Today, Can They Hold?

Whoa Nelly! Out of the last 4 weeks of trading there have only been two days that the Dow hasn’t had a triple digit move up or down. I expected a bit of a move higher today as stocks typically don’t move too far in either direction pre FOMC statements, but not a near 11%

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Weekly Wrap

Not the best of weeks for the equities, but with Friday’s limit down action in the futures it could have been much worse. The major indices were DJIA lost 5.3%, the Nasdaq lost 9.3% and the S&P 500 lost 6.8% for the week. For the year, the Nasdaq leads all with a whopping 41.5% loss

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Capitulation Day?

Holy Cow! Was this the day that could be considered the capitulation day that the media has been talking about? The trading ranges on Friday and Monday are some of the biggest swings I’ve seen in quite some time. The late day surge today is being attributed to the belief that the Fed will cut

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