There's one positive I see now in this 'brutal' market.
While data suggest some relief, the charts have yet to imply we have seen a completion of the current market correction.
It isn't easy to stick with the trend, but it's usually the wise thing to do.
I would think that there could be a sharp rally at some point this week. There will be plenty of news.
It is no surprise that the charts of all the major indexes are a mess.
Thursday market action was encouraging, but did it change anything?
It's hard to gauge how this market is going to react to quarterly results, so stay alert and don't ignore your stops
Wednesday's session was dominated by traders, algorithmic traders for sure, but traders nonetheless. The PMs mostly sat on their hands.
Here's where we stand right now and our strategy -- informed by two technical tools that have stood the test of time.
The market is in a holding pattern in which we could see some surprising strength into resistance areas.