Monday, October 23rd, 2017

Stock have been sliding down for the last four sessions making it a case of hopelessness, but again when the sentiment gets very negative there is always a rally. It did happen today. SPX plunged well below the 50 day line and most major stocks went with it. AAPL hit the 505 level for the […]

Today is the last day of the full week of trading in 2012. The market opened with a big gap to the downside and still has not recovered yet as of this writing 9:00 AM PST. Reason? Fiscal cliff talks have failed to commit both parties to an agreement. Market was disappointed by the lack […]

The two day old rally came to halt and stock took a breather as the comments from White house regarding a veto threat on the GOP proposal dampened the enthusiasm. The market has shown similar behavior whenever something negative is spoken politically about fiscal cliff. Fiscal cliff does not mean that on January I, 2013 […]

Today the market bounced off the 50 day moving average in a nice rally maintaining the previous rally from the bottom reversal of 11/16/12. Fiscal cliff resolution and talks provided enough euphoria of sorts. John Boehner indicated that he is willing to allow tax cuts on wealth individuals who make more than $1million. This sentiment […]

Please click charts to enlarge AAPL reversed here on 505 November 16 2012 and its back here. the stock is under relentless tax related capital gains selling under the perception that Fiscal cliff event would create higher tax rates. What if Fiscal Cliff didn’t happen? Facebook unlocked 156 million shares and first thing they do […]

Political parades on national TV does not helps average Americans during these tough times, it only makes fragile markets more jittery. The political posturing is destabilizing financial markets on a daily basis. Those elite educated and financial people who are sitting with dozens of computers open on the NYSE floor and elsewhere in the world, […]

The market retreated on Fed Chairman Ben Bernanke’s press comments. The Fed’s introduced nothing new as such but made remarks that they will support fiscal policy till the unemployment rate is down to normal 6.5%.The market did not know what that implies and when in doubt they hit the sell button. Most major stocks and […]

The market $SPX climbed up over the 50 day moving average comfortably. So did all the indexes in the market. Which makes this move stronger and and solid. The market is still hounded by the Fiscal cliff which can destroy all these advances. This is not a time to be comfortably numb. Staying aware and […]

Here is a daily chart of AAPL, see if you agree with the pattern.  Most Technicians would have varying opinions some out of disbelief, and some out of total conviction. But we need to put internal evaluations aside and look what the charts are telling us. The trend in AAPL is nothing but down for […]

The market is digesting previous moves still hanging there. There is a lot of talk about head and shoulders pattern on SPX and AAPL and that is what we have discussed here. The pattern is neither complete or convincing at this juncture, when you have it , you will see it. The jobs report is […]