The scare factor was pretty high this past Thursday, with both the Malaysia Airlines jet tragedy and escalating Israel-Hamas tensions. No surprise, then, we saw a mini-meltdown. On a bright note, the uptrend was never broken and most fears seemed erased by Friday.
Things could change again, but the bulls remain in charge.
IBM made a deal to team with Apple, and we’ll have to see how that plays out. For now, the market sees it being positive and the chart says “buy.”
Back next week to see if we’re in or out of crisis-mode!
Gary B. Smith joined FOX News Channel in 1999 and is currently a regular commentator on "Bulls & Bears," including his own segment called, "The Chartman."