AP – Asian stock markets tumbled in early trading Thursday over new concerns on Europe’s economic outlook after Moody’s Investors Service warned it may downgrade Spain’s debt rating. Related Reading:Stock Market Trends: Super Bowl XLVI – A Giant Catastrophe for Stocks? Sector Selector: Putting One and Two TogetherStock Market Trends: Is Wall Street Ready to [...]

Reuters – Asian stocks and commodities began the second half of the year on a sour note on Thursday, with Japanese stocks sliding to a seven-month low after manufacturing data showed China’s rapid economic growth was slowing. Related Reading:Stock Market Trends: Super Bowl XLVI – A Giant Catastrophe for Stocks? Sector Selector: Putting One and [...]

I noted in yesterday’s daily update that we should be nearing not only a daily cycle low but an intermediate cycle low any day now. (the February intermediate bottom came on a reversal off the jobs report. Guess what’s coming on Friday?). Not only that but sentiment is again back to bearish extremes. We are [...]

Written by Dan Micovic Despite showing pockets of strength and signals of being oversold, the market showed its true condition today as it sold off and closed below the critical 1040 level on the SPX. The index is now in a clear downtrend and has put itself in a position where it has nearby resistance [...]

Reuters – Hundreds of additional stocks and 344 exchange-traded funds face trading curbs under a proposed expansion of the circuit breakers that were adopted in response to May’s severe “flash crash.” Related Reading:Stock Market Trends: Super Bowl XLVI – A Giant Catastrophe for Stocks? Sector Selector: Putting One and Two TogetherStock Market Trends: Is Wall [...]