We’re about to see what bears are made of, since they’ll have an opportunity to stretch Monday’s reversal into a second consecutive day. They haven’t strung together two declines in a row since January 20, when the S&Ps fell a little more than a hundred points before embarking on a nasty short-squeeze rally that recouped the entire loss and then some. My hunch is that a decent selloff will need to come intraday on a rally reversal, since moderate weakness only seems to draw in more short-covering with each mincing step lower.
Now Let’s See If Bears Have Any Guts…
- February 2, 2016, 12:44 pm
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February 2, 2016, 8:28 am
Speaking of Highway Robbery……………….
NG has gone from $6 in 2011 to $2 recently.
Now, out here in Southern California???????
Some folks have had their SoCalNG bills go from $50 to $300
In one month!
The Government is “Looking in to it”
But they are certain it is “Unrelated” to the huge Porter Ranch NG leak!
The trend here in the USA for basic life support expenses to suck up every available Dollar from the 90% is accelerating!
Discretionary Income is Gone With the Wind for good and all! -
February 2, 2016, 7:50 am
2 trading days with 2 days in a row of closing nyse $tick over 600, with 1 of the days $trin over 1.00 suggest a lower market. A new move lower as 08/14- 08/17 high is to be observe.
As you say we will see of course.
Have a great one today.
Thanks for the good trading site.
John Jay…hmmm as the John Jay letter to George Washington 1785?
Only kidding.
Maybe check out that Union Cal Nat Gas leak…in the Santa Monica mountains biggest leak..thing ever…major event.
Rising pricing all ready.
Thanks.