This Week, the Plan Hasn’t Quite Come Together
The market finally got oversold, but not in the manner I expected. Let’s see what’s next.
The market finally got oversold, but not in the manner I expected. Let’s see what’s next.
We can talk about the Semis and the transports, but it’s the options that are giving the most worrying signal.
Several key sectors broke higher only to finish near session lows, creating potential false breakouts that traders are now watching closely for signs of a reversal.
The DSI and options trading activity suggest the possibility of volatility on the horizon.
The question is, will we get more of a bounce than we saw on Thursday?
As the market drops, investors are becoming anxious. Should we be looking for a bottom?
Many things could have happened in the markets so far this week, but they haven’t. Here’s a look at where we are.
Was there a turn in sentiment? A small one, but will it translate into something bigger?
Does the selling keep going, or is this more like that early October whack?
This rally is getting long in the tooth, with indicators flashing that stocks are overbought. Should we be looking back to July 2024 to see what could happen next?