Historic drop is met with a historic bounce
The record drop in stocks over the last month is now getting a historic oversold bounce. The S&P 500 index (SPX) is trading higher for the third straight session, up…
Read MoreAAII bearish sentiment hits seven year high
The American Association of Individual Investors (AAII) reported investors were a little more bearish in the latest poll.
Read MoreEconomic: 3.28 million initial jobless claims
A record high in initial jobless claims was expected but the number was worse than most expected.
Read MoreFinally, a two-day rally
For the first time since mid-February, the S&P 500 Index (SPX) managed back-to-back gains. News that the Senate had come to an agreement on a $2 trillion-dollar stimulus package in…
Read MoreGotta take a break, but you are in excellent hands
Good morning everyone. Just a quick note that while I will obviously be checking the market, my Dad passed peacefully last night (not Covid-19 related). I think you all know…
Read MoreBearish newsletter sentiment jumps above bullish sentiment
Bearish sentiment finally rises above bullish sentiment for the first time since January 2019.
Read MoreExcellent breadth readings
The big gains in the market today are accompanied by very strong market breadth readings. As of 11:30am, S&P 500 Index is up 6.9% and the NYSE advance/ decline ratio…
Read MoreTony on TD Ameritrade Network, 3/23/20
Watch Tony discuss the market and economy during these challenging times.
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