Sorry, I’m totally captivated by the ongoing siege / standoff in Boston and all of the details we’re learning about the bombers. Don’t have much to say market-wise other than we’ve been hesitant to buy in this week, this correction doesn’t seem to be finished yet. IBM is dragging down the price-weighted index that is…
MANHUNT!
One dead, one on the run… LIVE UPDATES: One Boston Bombing Suspect Dead in Shootout; Massive Manhunt Underway (ABC News) One Suspect in Boston Bombing Is Dead (NYT)
Clips from Today’s Fast Money
Video.
Bond Spread Triggers Risk-Off Signal
Chart.
Chart o’ the Day: “Due for a Wipeout”
On Monday we had a major day of distribution and both the internals and momentum turned decidedly against a continued advance for the US stock market. The next day we staged a 150 point bounce in the Dow but it was an unconvincing one from my perspective. On TV that afternoon I had mentioned that…
Ari Wald: This is What Distribution Looks Like
My friend Ari H. Wald, CFA, CMT, and Technical Strategist at PrinceRidge, has been pretty money on the major trends so far this year. In this week’s note, the technician points out some major yellow lights in the internals. Overall, he thinks the market can settle back in to the uptrending 200-day and then resume the…
Michael Shaoul: This could be 2008 for the gold market
Video.
Hot Links: Abnormally Defensive
Your morning financial links, expertly curated.
Rise of the Ghostface Killah!
Mixtape.
Flip a Coin
Chart.
