Daily Watch List Update
Dear Members: MARKET NOTE: Traders continue to exercise caution here though the Dow and S&P are closing in on being technically oversold. Yet traders aren't exactly jumping in both feet here. One worrying sign is the 20 day moving average on the S&P…
Dear Members: MARKET NOTE: It's a new trading day and week and the overall tone in the market continues to be negative. This in spite of (or because of?) a much stronger than expected jobs report on Friday. The market seem to be in a good news is bad…
Dear Members: MARKET NOTE: Traders are trying to figure out if today's blowout jobs report is good for the market or bad for the market. The bulls will argue that more jobs are better for the economy while the bears will point out it gives ammo to…