Monday, January 22nd, 2018

Feds will taper the QE3 and the market jumps on the growing expectations of a solid economy. The conditions have been improving already as evidenced by a very strong earnings season. The growth in GDP to 4% also made a strong case to buy more stocks and sell nothing. SPX has hit a new high […]

Unable to display content. Adobe Flash is required. After harking shorts for nearly two months major indexes are showing relative weakness to the downside and pulling back. This was an expected move from every corner including the bullish traders who expected a pullback for some time. The market just cannot sustain that kind of rises.  […]

A better than expected job report and the market opened higher on a gap. After declining 5 days on little or no pullback, the market snapped back and held the gap during the entire trading session. The bullish action continues as it has been since October 9, 2013. Most of the indexes are in the […]