It was liftoff from this point. With a pivotal level at 1219 and the pennant forming it was like a coiled spring. +75% later we're at 2127.
And then there's this. Keeping things in perspective.
Saturday, September 10, 2016
Friday, September 9, 2016
Septembers
Historically, September is the worst month for stocks. The market has been pretty quiet lately and you never short a dull market but today it took it on the chin a little. Biggest one-day decline since the end of June. The S&P dove below it's 50 dma but it's done so twice since May. Still, not too much to worry about outside of September 11th, in just two days, and an election in 60.
DJIA 18,085.45 -394.46 (-2.13%)
S&P 2,127.81 -53.49 (-2.45%)
NAZ 5,125.91 -133.57 (-2.54%)
DJIA 18,085.45 -394.46 (-2.13%)
S&P 2,127.81 -53.49 (-2.45%)
NAZ 5,125.91 -133.57 (-2.54%)
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