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Market Update – Monday 01/14/19 4:00 PM EST

Once again the SkyNet SellBots put pressure on US stocks at the open, but it was short-lived.  The BuyBots stepped in once again, recovering some of the early sharp losses.  The DJIA closed 86 points (0.4%), and the NASDAQ dropped 66 points (1.0%).

Stay tuned as the battle of the SkyNet StockBots continues!

Market Update – Friday 01/11/19 4:00 PM EST

Once again the SkyNet SellBots put pressure on US stocks at the open, but it was short-lived.  The BuyBots stepped in once again, sparking another rally into the close, recovering much of the early losses.  The DJIA ended down a mere 6 points (0.0%), and the NASDAQ slipped 15 points (0.4%).

Stay tuned as the battle of the SkyNet StockBots continues!

Market Update – Thursday 01/10/19 4:00 PM EST

The SkyNet SrockBots  took some profits overnight, as the SellBots pushed the overnight futures down, leading to a modest decline at the open of trading on Wall Street. From there, the BuyBots stepped in once again, sparking another rally into the close. The DJIA ended higher by 122 points (0.6%), and the NASDAQ gained 29 points (0.4%).

Stay tuned as the battle of the SkyNet StockBots continues!

01/22/19 – CNBC: Ray Dalio, founder of the world’s biggest hedge fund, sees a ‘significant risk’ of a possible

Ray Dalio, founder of the world’s biggest hedge fund, warned Tuesday on CNBC that there’s a “significant risk” of a possible recession in the U.S. in 2020.

“It’s going to be globally a slow up. It’s not just the United States; it’s Europe; and it’s China and Japan,” the billionaire investment titan said on “Squawk Box” in an interview from the World Economic Forum in Davos, Switzerland. Read More.

Market Update – Wednesday 01/09/19 4:00 PM EST

In a near-replay of yesterday, US stocks got a nice pop at the open of trading, thanks to the SkyNet BuyBots bidding up the overnight futures. From there stocks zigged and zagged and ended pretty much where they opened. The DJIA ended higher by 92 points (0.4%), and the NASDAQ gained 60 points (0.8%).

Stay tuned as the battle of the SkyNet StockBots continues!

01/21/19 – Tyler Durden: Morgan Stanley: “A Retest Of The December Lows Is Coming On Scary Fundamental News”

Last week, Morgan Stanley’s chief US equity strategist, Michael Wilson, doubled down on his reputation as one of Wall Street’s biggest bears, when having predicted much of the market turbulence in 2018 – which most of his peers missed – he again warned that with (1) valuations still too high and (2) earnings downside even greater than what has been priced, he expects some further deterioration in US economic data, and thinks “the S&P 500 will suffer a re-test of the lows we experienced in December, but on less negative momentum and better breadth.” Read More.

Market Update – Tuesday 01/08/19 4:00 PM EST

US stocks got a nice pop at the open of trading, thanks to the SkyNet BuyBots bidding up the overnight futures. From there stocks zigged and zagged and ended pretty much where they opened. The DJIA ended higher by 258 points (1.0%), and the NASDAQ gained 74 points (1.0%).

Stay tuned as the battle of the SkyNet StockBots continues!

01/20/19 – Mark Hulbert: Why retirees shouldn’t fear a bear market

Bear markets are usually not as scary as people think. Don’t give up hope.

I’m referring to what many retirees are most afraid of: Running out of money before they die. An Allianz Life survey found that far more retirees are afraid of outliving their money than they are of dying—61% to 39%. This ever-present background fear is especially rearing its ugly head right now, given the bear market that to many came out of nowhere. Read More.

Market Update – Monday 01/07/19 4:00 PM EST

The SkyNet BuyBots continued the rally today,until precisely 1:00 PM (“funny” how that happens) when the SellBots reappeared and cut the days gains by about one-third into the close. The DJIA ended higher by 98 points (0.4%), and the NASDAQ gained 84 points (1.2%).

Stay tuned as the battle of the SkyNet StockBots continues!

Market Update – Friday 01/04/19 4:00 PM EST

“Take that!,” shouted the SkyNet BuyBots today, as they rallied the troops off the floor and mounted a monstrous rally, more than recovering yesterday’s pummeling. The DJIA jumped 746 points (3.3%), and the NASDAQ soared another 275 points (4.23%).

Stay tuned as the battle of the SkyNet StockBots continues!

Market Update – Thursday 01/03/19 4:00 PM EST

 

Once again, the SkyNet SellBots showed no mercy as the selling continued unabated, with tech darling Apple leading the way with a 10% mini-crash. The DJIA plunged another 660 points (2.3%), and the NASDAQ surrendered another 202 points (3.3%), breaching 6,200.

Stay tuned as the battle of the SkyNet StockBots continues!

Market Update – Wednesday 01/02/19 4:00 PM EST

The SkyNet SellBots controlled the overnight futures, sending US stocks sharply lower at the open of trading on Wall Street. But from there, the BuyBots launched a spirited rally, erasing the opening losses and pushing stocks into the green by the close. The DJIA, down 400 points early, ended higher by 19 points (0.1%). The NASDAQ reversed its 100 point opening loss, gaining 30 points (0.4%) at the close.

Stay tuned as the battle of the SkyNet StockBots continues!

01/11/19 – Jesse Columbo: The Market Is Still In A Downtrend

Throughout the market sell-off of the past few months, I’ve been showing key technical levels to help determine if further downside was likely or if the rout was truly over. In late-December, the S&P 500 broke below an important support zone from approximately 2,550 to 2,650 (which formed at the early-2018 lows), which represented a very important technical breakdown. The post-Christmas market bounce, so far, is simply a re-test of this zone, which is now a resistance. Read More.

Market Update – Monday 12/31/18 4:00 PM EST

The SkyNet BuyBots held the advantage of the overnight futures, sending US stocks up sharply at the open of trading on Wall Street. Even the Bots headed for an early exit to New Years’ Eve, as stocks went a net nowhere from there. The DJIA jumped 265 points (1.1%) and the NASDAQ gained 50 points (0.7%).

Stay tuned as the battle of the SkyNet StockBots continues!