Hello Fellow ChartWatchers!
Friday’s rally changed last week’s Dow candlestick from a big filled candle into more of a big Hammer (although not a perfect one). After Friday’s rally, the Dow finished the week down 1% as did the S&P 500 Large Caps. The big winner for the week was the Russell 2000 which was up over 2.75%(!). For more on this and the longer-term meaning of these moves, check out what John, Art, Greg, Carl and Tom have to say below.