Tuesday, May 23rd, 2017

So far so good. Stock market is in a confirmed rally mode since the Follow through day on March 11, 2009, according to Investors business Daily  and William O Neil school of thought. Every bull market starts off with a rally attempt, from the very lows, and has a follow through day subsequently after 4 […]

  Feds meeting today opened great chances for an early economic recovery. Feds announced to buy $1trillion in Treasuries and mortgage related debt to create an economic recovery by the end of 2009. The Fed policy makers voted 10-0 to use all economic tools to revive the ailing economy. They aimed to keep interest rates […]

With the unemployment rate bolting to 8.1% and 600,000 jobs being lost every month US economy is in a severe recession. This in turn has kept the stock market from making any promising advances. Last week SPX broke down below 700 levels the lowest in 12 years. Technical picture is now bearish and not sideways […]