Week-In-Review Bullish Double Bottom Pattern Forming On Wall Street

Week-In-Review Bullish Double Bottom Pattern Forming On Wall Street

– Open A Managed Account Today The Nasdaq Is Down Over -10% In 2016, We’re Not (We Moved To Cash in December) –  Bullish Double Bottom Pattern Continues To Form The market is trying to form the right side of a bullish double bottom pattern. The pattern will be confirmed when the major indices breakout above Feb’s…

Week-In-Review: The Oversold Bounce Continues…For Now

Week-In-Review: The Oversold Bounce Continues…For Now

The Oversold Bounce Continues…For Now Stocks rallied for the second straight week but ended sharply lower for the month. January 2016 was one of the largest monthly declines in Wall Street’s history. Stocks across the world plunged in the first half of the month on fear of a global recession. Then, on cue, a few powerful…

CNBC: Dow closes down triple digits; S&P in correction

CNBC: Dow closes down triple digits; S&P in correction

Wednesday Jan 13, 2016 4:00pm EST U.S. stocks closed sharply lower Wednesday, pressured by low oil prices, as concerns about global economic slowdown weighed ahead of major earnings reports. The S&P 500 closed down 2.5 percent, ending below the psychologically key 1,900 level for the first time since Sept. 29. The index fell below that level…