12:20pm (EST) The market opened lower and the selling pressure was intense as the bears once again pushed the major indexes down to recent support levels. However, Wall Street got a couple of favorable economic reports which helped move the market off its lows. The Dow was down triple-digits before the Chicago
Market Bounces Off Lows
Housing Numbers Disappoint, Market Falls to Support
12:30pm (EST) Futures were pointing towards a significant sell-off at the open and the bears were ferocious in their attack. The bulls have recovered somewhat as the market is well of its lows but we doubt things are going to get any better. The major indexes hit their lows shortly
Bears Look Ready To Rock the Market
9:00am (EST) The bulls tried to mount a rally on Monday, but they couldn’t grab any momentum as the bears eventually held serve and were able to push the market lower by the closing bell. The damage was minimal, but the overall trend remains intact which is neutral to bearish.