Discuss Market Comments 11/23

A few more days - Stocks opened lower on Monday, and continued to slide into the early afternoon before buyers once again showed up to turn steep losses into modest losses in some indices, and gains in others. The Dow, which was down over 130 at one point, closed down just 25-points. The Nasdaq and small caps finished higher on the day...

Market Commentary for 11/23/10

Current Daily Market Commentary

 

[tsptalk]

We're seeing some trend breaks in the Nasdaq, S&P, and Dow Transports charts this morning.

This is a big warning sign, but with this being pre-holiday light volume trading, we could see one of the pre/post holiday reversals next week. This complicates things a little more for next week.

 

[fcharles81]

Does the whole Koreans incident explain the huge drop in smart money...hmm

 

[tsptalk]

That is the question. Very strange behavior yesterday in the indicator.