25 Feb 2013
Market Summary
Market Internals
Leaders and Laggards
Technical Updates
Briefing's Commentaries
Commodities
Treasuries
Next Day In View
Jason's Commentaries
Right on my call on the market on Monday. The market gapped up at the initial which stopped me out at my short position, then wasn't able to break above the opening high and started going down. After lunch, weakness is seen the in market and subsequently sold off during the last hour of trading. While we're having the highest trading volume for the year in the NYSE, over 820 million shares traded, we also have the biggest drop for 2013. The bears ruled the day and we're having a bearish engulfing pattern on all 3 indices. The financials were the biggest laggard, along side with the Energy, Industrials and Material Sectors. If we're having another down day today, we're likely to correct very soon. To make the volatile market more volatile, Ben Bernake is speaking at 11am ET later. Stay tune..
Market Call: FLAT to downside
Date: 26 Feb 2013
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