Discuss Market Comments 10/15

Wedge breaks but holds by the close- Stocks bounced around early yesterday, but went into a funk until the last hour of trading before the dip buyers finally showed up. The Dow slipped 1.51 on the day, and most stocks were also down on the day....

Market Commentary for 10/15/10

Current Daily Market Commentary

 

[Guest]

S&P has held at the bottom end of the rising wedge from this morning's selling pressure. Can it hold and be bought or will it eventually break?

 

[tsptalk]

I still see dip buyers coming in at every opportunity. I don't really understand it from a fundamental standpoint, but the market rarely does what I think it should.

I do believe the upcoming election has a lot to do with it and is going to keep stocks buoyant, as long as the incumbents remain in trouble.

 

[Guest]

I also don't understand why the market is being so resillient. Although I think more upside may follow I moved 70% from I to G today as I felt that you can never lose money taking profit, so after a 5% gain in the I fund this month I decided to get a little more conservative.

 

[tsptalk]

Nice job! Does that mean you left 30% in stocks?

 

[Guest]

Yes I left 30% in I fund as I am not convinced that the dollar's decline is finished just yet; however, the I fund would have to decline more than 15% to nullify my profits

 

[minhthu3387]

what I am scare is .... gov. will try to make economic inflation ..... share price will go up , things will go up .... so company will make profit because salary pay for employ will stay same with economic down .... so anythings price will go up including stock price !!!!

what scare !!! people !!! people who are poor and medium class will have difficult !!! but for right now that is the only ways to help companies out there make profit ! I think !