The stock market reversal the week of November 9th through the 13th surprised many investors as well as analysts and did some short term technical damage. As I noted last week this made the action early last week quite important. A sharp oversold rally was likely after the selling on November 12th but last Tuesday the rally appeared to have stalled as the market gave up its early gains. The weak close set the stage for another wave of selling last Wednesday but instead the market put in a very s...
The stock market reversal the week of November 9th through the 13th surprised many investors as well as analysts and did some short term technical damage. As I noted last week this made the action early last week quite important. A sharp oversold rally was likely after the selling on November 12th but last Tuesday the rally appeared to have stalled as the market gave up its early gains. The weak close set the stage for another wave of selling last Wednesday but instead the market put in a very s...
Share this Article
Recommended