Daily Stock Market Commentary with an emphasis on ETFs and stock options.

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Will we see a short-term bounce next week?

Posted on July 06, 2008

The holiday shortened week was filled with more volatility. Ultimately, the market ended lower as record oil prices, continuing financial sector woes, auto-industry concerns and more evidence of a slowing economy were just too much for the bulls to absorb. For the week the Dow, S&P, NASDAQ and Russell 2000 declined -0.5%, -1.2%, -3.0% and -4.6%, respectively. Monday ended what was the worst June since the Depression Era. It also ended the worst first half to a year to the Dow (DIA) since 1970. The 14.4% decline was the tenth worst in over 108 years for the market stalwart. Tuesday, the first ...

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etf , lows , new lows , options , overbought , oversold , sp , trading , volatility