Thanks afternoon crew.The stock market currently feels like a...

Thanks afternoon crew.

The stock market currently feels like a casino at 5 am on a Monday morning. The joint is almost deserted, most have done their dough and those that are left are wondering what happened to the good times? It's extraordinary how quickly the mood changed from irrational exuberance to "Hey, where'd everybody go?"

I went through my watchlist this morning and realised roughly half were in clear downtrends. The list was significantly shorter by the time I'd put away the pruning shears.

Market report to follow shortly.