The ISM Services report really threw the market for a loop today. When services make up some 90% of the economy you really don’t want to see weakness there. What we saw today was simply recession fears: Signs of a recession. Both the 41.9 business activity reading and the 44.6 summary number represent the second [...]
Posted by 12 November 2007
November 9th Recap and ChartFest
Note: I have an appointment in the morning so there won’t be watchlist for Monday. Obviously last week was bad for the bulls. There was a lot of technical damage done on higher than average volume. The usual index charts are below along with a bunch of individual stock charts. Sorry that i couldn’t get [...]
