US Stock Market Calming -J.S. Tobey

According to John S. Tobey -the recent behavior of the 30 DJIA stocks shows that the market is calming down or returning to normal. It means investors and traders are starting to get unaffected to various economic-changing factors e.g. news, Fed, etc.

There’s an easier version of this report in marcello day trading academy reviews, in case you’re having a hard time digesting the following. Tobey’s bottom line states that “the wide spread of performance among the DJIA stocks shows selectivity at work, not a simplistic bullishness to own stocks. Regarding the link between performance and 2015 earnings estimates, the correlation is loose.”

He later on added “…Therefore, the stock market looks to be functioning normally, with investors taking facts into account and not being carried away either positively or negatively.”