The good news today... is that with numbers like this, it becomes much easier to beat to the upside down the road. With prices down over 50% from peak values, the market knows this and can begin to think about recovery down the way. How long that road is; however, remains anyone's guess. Cumulative Tick and AD lines are constructive for now. While several indices have actually gone positive, I expect the S&P 500 to face potential resistance near yesterday's close. Keep an eye on that rising VWAP all day long.
Never Investment Advice
Schedule for Week of Oct 23, 2016
21 hours ago