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And now a gap up....

At one point yesterday the market looked very vulnerable to more downside. The breadth was decisively negative and many stocks were having big down days. But then the picture changed in last hour with a big buy program.

The ability of the market to repeatedly bounce back from selling and to hold up well in light of constant negative news is a bullish sign.


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Another gap down

The market is stuck in a narrow range and a powerful buy or sell thrust is needed for it to get out of it. As of now the probability still ...

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Gap down Monday

The market gapped down on Monday and then recovered part of the down move later in the day. The selling was focused on some of the sectors ...

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Holding Pattern

News is bad but the market continues to churn at this level. There has not been a undercut of the June 4th low as of now. Some stocks have ...

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Unless we follow through to downside

Not a really big selling day. It barely managed to reach 300 plus day in breadth term During this correction we have see lack of aggressive...

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Stocks to watch

A small number of stocks are showing good relative strength in this correction. These are stocks that have at least doubled from their low ...

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Panics are always good...

We are getting a slight hint of panicky open today. I would like to see more panic. The kind of panic which leads to participants screaming...