Wednesday, January 20, 2016

Market testing August 2015 lows (1/20/15)

  • The Standard & Poor’s 500 Index knifed through its lows from the August crash at 1,867 earlier today, before staging a partial recovery this afternoon. The Dow Jones Industrial Average and Nasdaq Composite Index also sold off sharply, but didn’t quite get through their intraday August lows at 15,370 and 4,292, respectively.
  • On the other hand, the Dow Transports and Russell 2000 Index bid adieu to those support levels a couple weeks ago. The Russell just hit the lowest since July 2013, while the Transports tanked to the lowest since October 2013. As a matter of fact, the iShares Transportation Average ETF (IYT) is down more than 11% year-to-date.



past bear markets (Carter Worth)

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