S$P hasn't had a 1% move in a longggggg time....its about to move fast, which direction I don't know but it seems everyone is calling for a move up, nothing unusual when the central banks can control the outcome!!
The Dow Jones Industrial Average closed at 18480 on 9/8/16, as the stock market ended lower. The stock market is a bit overvalued right now and I expect the S&P 500 to see a correction back to its 200 day moving average at some point, now located at 2057 and rising.
Pathetic market dropping on hint of a tiny increase in rates, just goes to show you how weak and sad these markets actually are. That just an inkling of talk about a rate hike and markets move lower......time to raise rates now because if they don't the next recession will bring NEGATIVE INTEREST RATES ....if rares were 3-5% now they would have a cushion, there is no cushion but negative interest rates if rates don't move higher anytime soon.
$DJIA lost 406.5 points (2.2%) last week, remaining below 20dMA; S/T momentum indicators turned down on Friday.
The Dow Jones Industrial Average closed at 18086 on 9/9/16, as the stock market dropped hard. The stock market is overvalued right now and I expect the S&P 500 to see a correction back to its 200 day moving average at some point, now located at 2057 and rising.
The Dow Jones Industrial Average closed at 18335 on 9/12/16, as the stock market rebounded Monday. The stock market is overvalued right now and I expect the S&P 500 to see a correction back to its 200 day moving average at some point, now located at 2058 and rising.
The Dow Jones Industrial Average closed at 18067 on 9/13/16, as the stock market tanked again. The stock market is overvalued right now and I expect the S&P 500 to see a correction back to its 200 day moving average at some point, now located at 2058 and rising.
The Dow Jones Industrial Average closed at 18012 on 9/14/16, as the stock market tanked again. The stock market is overvalued right now and I expect the S&P 500 to see a correction back to its 200 day moving average at some point, now located at 2058 and rising.