Market Takes Another Body Blow

Yesterday we saw more signs of selling pressure.

PRE-OPEN MARKET COMMENTS THURSDAY - After a few days of heavy selling and a 4% drop from the high, the market will bounce. Buyers have been conditioned to buy dips and the market is still in a long-term up trend. The height and duration of that bounce will tell us how aggressive (or passive) buyers are. I don't mind rallying above the 50-day MA, but I would prefer not to stay above that level for a few days.

Daily Bulletin Continues...