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Top Stories Romney handily wins Nevada Republican caucus Republican frontrunner easily defeats Newt Gingrich in the Nevada Republican caucus, building his lead in his bid for the party’s nomination to challenge President Barack Obama in November. Russia, China veto U.N. resolution against Syria U.S. President Barack Obama calls on Syria’s president to step down accusing the regime of murdered hundreds of its own citizens on Friday. Thousands of Russians protest Putin’s candidacy Demonstrators turn out in below-freezing temperatures to protest the prime minister’s bid for another presidential term. NewsWatch: U.S. stocks follow win streak with focus on Europe Cisco, Coca-Cola, Disney and Visa are among bellwethers set to report results amid expectations for market gains to continue; resolution of Europe’s debt crisis is expected to drag on. See All Top Stories >> |
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When we look for indicators of a good turn in the market, we expect to see an oversold reading to initiate a bounce. On May 21st, the Volatility Index VIX spiked to 48.20, the highest since March 2009. Two days later, the S & P undercut the February low of 1044.50. The May 25th low of 1040 was tested on June 8th, holding slightly above that low. The Dow, NASDAQ, and Russell 2000 all undercut that low. The S... full story >>