Tuesday, February 21st, 2017

The earnings have been the driver for this month. The earning season is almost over with few names still left to report. Once the earnings are winded down the attention will shift to the fundamentals and the economy. A bad GDP report with the US economy shrinking for the first time in 3.5 years has […]

Today we some cracks in the market rally that has been grinding SPX higher since 2013. All major indexes finished lower towards the close of the day. First the GDP came in lower than expected and the US economy shrank 0.1 % for the first time in 3.5 years. This set a level of discomfort […]

SPX has been grinding higher every day for the past 8 sessions and today the rally took a breather. All the moving averages are rising. The market is overbought and the flat sideways motion may be coming. Until we pullback to 10 day or 21 day moving averages the rally is still intact. Good earnings […]

The year 2013 came in with bang! After a fearful era of post election blues and Fiscal cliff which ultimately ended peacefully and we are still alive and together as a country- the market had to show some kind of enthusiasm and it did on January 2, 2013 with big gap to the upside. Unfortunately […]