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The Market’s Witching Hour

This Mexican wood carving represents one’s struggle between clinging onto life and staving off death.

The doctor, as life giver, places his hand on death’s head to push it away from his patient.

The patient grabs a hold of the doctor’s shoulders, affirming she wants to live.

The Market also appears “caught in a web between life and death.” Symphony X.

Two of the Modern Family members deteriorated in phases.

In contrast, the Dow Jones Industrial Average made yet another new all-time high.

The Russell 2000 (IWM) entered an unconfirmed warning phase. Yet, it clung to life holding the critical 140 level.

Transportation (IYT) spent the early part of the day at death’s door when it failed the 200 daily moving average.

However, IYT managed to affirm its commitment to life by closing back above the 200 DMA.

In the web between life and death, can even a gifted market doctor keep the rally alive?

Apple reported well. The 5% rally in that stock clearly provided...


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