Weak Jobs Report: Good For Wall Street, Not Main Street Last week was a very big and important week on Wall Street! Stocks opened lower but closed higher for the week after the S&P 500 and Russell 2000 “tested” Aug’s low. Aug’s low for the S&P 500 was 1867 and last week’s low was 1871….

Sideways Action Continues…For Now Stocks fell last week as the major indices continue to move sideways to consolidate their very sharp late-August sell-off. The longer the major indices spend below their important 50 and 200 DMA lines, the weaker the market gets. A new downtrend began when the S&P 500 sliced below 2040 on August 20, 2015….