A technically-oriented trading blog sprinkled with various (ir)relevant and/or (ir)reverent musings (formerly known as Musings of a Trader)
September 26, 2016
September 20, 2016
September 19, 2016
September 13, 2016
More Pain Ahead for the Market?
Michael Kahn, CMT, Barron's resident Technical Analyst certainly thinks so:
Stocks moved higher Monday as rate fears subsided a bit – ironically, on the view that the Fed will not raise rates in September due to Friday’s selloff itself. However, with history as a guide, the explosion out from the tight summer range points to more pain ahead.I happen to agree. If we don't take out Monday's highs (and today's selloff does not augur well in that regard), the trend is down.
Subscribe to:
Posts (Atom)