Friday, September 22nd, 2017

This the second time since Thursday the SPX has visited the 50 day moving average. After bouncing off nicely and enjoying the ride based on Fridays unemployment report, basically the market went nowhere and slammed again almost touching the 50 day line. Many other stocks have also touched the 50 day or broke through it. […]

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 […]