Circuit breaker limits today Level 1 – S&P must fall 7% – 201.75 pts Level 2 – S&P must fall 13% – 374.69 pts Level 3 – S&P must fall 20% –576.45 pts. Stocks rallied hard in the morning rising 1000 pts, before giving it all back by 11:15 and then falling an additional 160 [...]

Circuit breaker limits today Level 1 – S&P - 192 pts Level 2 – S&P – 357 pts Level 3 – S&P – 549 pts. It’s a WAR out there! Global stocks come under attack. Oil collapses – falling nearly 25%, as the Saudis slash oil prices and ramp up production as they punish Russia [...]

By popular demand – I am bringing back the MWCB (Market Wide Circuit Breakers) The S&P closed at 2972.37 – So today’s circuit breakers are: (See explanation below)Level 1.  208.07 pts (7%) or 2,764.30Level 2.  386.41 pts (13%) or 2,585.96Level 3.  594.47 (20%) or 2,377.90 Market-Wide Circuit Breakers – (MWCB) Market-wide circuit breakers are important, [...]

Wait! What happened now? What happened to the Biden Bump? Even the suspension of Lizzy Warren’s campaign did little to stop the bleeding. Stocks – it seems – are spinning out of control as the virus sweeps across the globe leaving governments and medical professionals at a loss over what’s next. Daily news reports of [...]

Does it get any better than this? Joe Biden takes the lead and is now the presumptive Democratic candidate – as the road to delegates just got a whole lot harder for Bernie. Mike Bloomberg, doing the right thing, formally dropped out of the race after his poor showing, throwing all of his support and [...]

G-7 stays put – the 8:30 am announcement that had them “watching” the global economy was not what the markets really wanted to hear causing the markets to flip flop in pre-market trading, going from positive to negative to positive as the market tried to decipher what the real message was. Then the FED – [...]

Stocks Soar! The Bulls come back after being driven out of the heartland – the algos go wild on the UPSIDE… The Dow rallies by 5.1% or 1293 pts, the S&P surges by 4.9% or 136 pts, The Nasdaq adds 4.6% or 384 pts and the Russell tacked on 2.8% or 42 pts. What a [...]

Stocks opened lower on Friday, down 550 pts and proceeded to go even lower notching losses of more than another 1,000 pts by 10 am, as the bottom appeared to be falling out of the market. By 10 am on Friday, we had witnessed the market lose more than 4,500 pts in less than one [...]

Markets in Turmoil. But let’s put this in perspective…Everybody take a deep breath… Year-To-Date, The Dow is now off 9.7%, the S&P is down 7.8%, the Nasdaq lower by 4.5% and the Russell is lower by 10%. Yes, it doesn’t feel very good, but it is not the end of the world. It may now [...]

Huge intraday reversal sends the Dow tumbling 600 pts! So let’s recap, the morning appeared to stabilize. US equity markets were bucking the global trend. The Dow rising 400+ pts by 10:50 am with the others in tow. It all seemed “OK.” The virus, while NOT under control the way some would have you believe, [...]