Today was a typical bear market day.  A small gap up at the open with a slight move up.  By 11am, the market started to sell off and finished the day in the red.  I am a concerned about an upcoming move to the downside in the major averages.  Let’s take a look.

The DJIA [...]

I think we could use a few words from our Uncle Milt.  He was a great economist who can provide us with some insight on capitalism.
 

Today we got the beginning of an oversold bounce.  The DJIA has been down over 1,000 points in the previous 9-10 sessions.  The NASDAQ lost about 200 points during that same period and the S&P500 was down 125 points during that time.  I guess the sellers took a break today.  Just remember, today is day [...]

Most people are probably unaware of this, but here is the performance of the major indices so far this year.
DJIA -18.9%
NASDAQ -12.0%
S&P500 -17.7%
Those are some impressive numbers so far this year.  Today’s selling was on above average volume today (but not as high as Friday) and there [...]