Sellers Are In Control

The market tested the 200-day MA and the bounce Friday was wimpy.

PRE-OPEN MARKET COMMENTS MONDAY - The market has been in a steady slide and the better than feared jobs number Friday did little to calm nerves. The market made an early low and it bounced back above the 200-day MA. The issue is that there was no follow through buying late in the day. The bounce died on the vine and this morning we are back below the 200-day MA.

Daily Bulletin Continues...