We are in an old fashion sell off. Have we reached blood in the street/panic bottom yet? It does not quite feel like that yet but we are so oversold we could have that bounce today. If not then we are likely looking for a Tuesday reversal as markets generally do not bottom on Fridays. […]
So I think it was a week ago or so that I said that $140 was very likely and then these bounces made it perhaps a little less clear, yesterday made it clear. The question now is whether or not that level will hold. Everything is setting up for a bounce. We had a large […]
The market has been rough. Not in that we have seen a ton of downside but more in terms of the whiplash we have seen. One day looks like a breakdown and the next looks like a breakout. I do not see any clear trend right now and until the market signals by moving out […]
A good start to the week on relatively little news. I thought the sector had a clear shot down to the $140 or so level on the XBI but it is possible that the intraday move on Friday marked the bottom. We need more than simply a good start to the week but need it […]
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