Dow Futures Drops 150 Points Overnight. Is the Bear Coming Out of Hibernation?

in markets •  8 years ago  (edited)

In this report I cover the early market action in London on Wednesday, May 17th, 2017. I cover the bearish action in the Dow and S & P 500 and also the New York Times article saying that President Trump asked ex FBI director Comey to stop the investigation of Michael Flynn.

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We're in a debt, derivatives, housing, equities, student loan, and subprime auto loan bubble: What could possibly go wrong?!?!

Keep an eye on the vix to try an get some kind of confirmation on this move.

  ·  8 years ago (edited)

Good suggestion #omstalla, the VIX is moving up fast today (currently 12.73). It has also given a buy signal on my chart and could be the start of a big move up but it needs to get over the 16.00 resistance first. #marketreport