Bad News is Bad for the Market, but Good for Short-Term Bears

January 29, 2015
By Vlad Karpel

For the last year when the market had bad news it would shake it off and resume the upside grind.  This is an attribute of a solid bull market. But this month, the market is not holding up as well.

After earnings disappointments the market is in the control of the short-term bears. If the S&P 500 cannot fill the pull back gap and close above $205 in short order, the bears may become more emboldened to challenge $200.

I also cannot make sense of the flight to investment grade bonds. This just highlights the lack of conviction in the market right now.

Have a great trading day!

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