|Wednesday, June 26, 2019|
A vicious selling spree hit leading stocks on Tuesday with many stocks down from $3 to $12 each and some even more in one of the more brutal selloffs we’ve seen in a few months. Stocks tried to snapback today, but sellers took hold once again and stocks gave back most of the early gains by the end of the day.
The 'Triple Top' pattern is still in control of the S&P-500 and this market for now. We need some good news from the G-20 meeting or something more from the Fed to get the thrust needed to push this market up and through the Triple Top pattern.
Not many stocks to consider tonight but let’s see some that have been leading the market.
Hope to see you in my chat room Thursday and Friday and then back here Sunday night.
Daniel J. Zanger