Trenchat's Stock Market Commentary

US Stocks Lean Lower As Facebook Optimism Fades

--Stocks lean lower, with Dow on track for worst week of the year --Facebook opens up 11%, then falls to IPO price of $38 before bouncing --Europe worries increase as Moody's downgrades Spanish banks, Fitch cuts Greece Stocks leaned to the downside, putting the market on track to suffer the worst week of the year, as optimism surrounding Facebook faded after the shares debuted for trading ...more

Rat's Alert, most recent post

What Dow Theory Says About Correction

--The Dow Theory holds a broad agreement on three prerequisites for a sell signal

--The Dow Theory is stuck in step 1, which is 'a significant correction off market highs must take place'

--Step 2 is a rally attempt off corrected lows by either the Dow Industrials or Transports, or both, that fail to surpass their highs prior to the initial correction

--The Dow Theory holds that a signal remains in force until it is formally reversed, so it still remains as a buy signal now

You can't say that the Dow Jones Transportation Average didn't warn you ...more