Tuesday, January 23rd, 2018

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 […]

  Since the start of New Year stocks have been barreling to the upside killing bears and short sellers alike in a hurry. The shorts have disappeared completely. The earning season is also reaping rewards. Most S&P 500 companies have hit high marks this month and continue to dazzle institutional buyers. AAPL, NFLX and others […]

Here is a chart of AAPL ” the Greatest stock of all times” and its hard reversal yesterday. The stock broke out from a Cup shaped pattern and than reversed hard disappointing many investors who expected this thing to climb higher. The forces of buyers and short sellers resulted in a 20 point downward move  […]

There are bad markets and people lose money and they swear they will never trade. Than when the market gets really really bad, a new trend develops and the new leaders take over. The winter passes and a new day begins. This is what is happening here. The slow down in the economy , high […]

What do successful traders do ? They avoid bigger losses and that way they have more gains than losses to count for. They trade when the odds are in their favor and chances of losses minimal. Institutional traders are different because they trade both ways and successfully control the market which is a finite domain. […]

The stock market is in a correction. How deep and penetrating this correction will be only stock pundits and fortune tellers can hawk those numbers to you. As a Technical analyst I can only show you where it has been and what you can expect based on the charts itself. We don’t predict the stock […]

The market is in the hands of bears today.They have an upper hand. No use fighting this. We have been talking about it for most of this month. We know what is causing it. Let me recap the same thing again. It was war drums that spiked Oil futures and the gas prices went to […]

The market is selling off. All major indexes are down 1 or 1.5 percent and VIX has jumped up 1.5 points. Most of the leaders are under pressure and they are down from $5 to $15 at the moment. The sell off may continue here, unless we pull up over 1400 on SPX and close […]

First quarter of the year is nearly over. Here comes the part Window Dressing !  Fund managers, Hedge funds, and miscellaneous investors on wall street are invigorating their windows by selling off some the stocks and buying some which have fallen by the way side. The quarter should look very good because the stock market […]

The market is up relentlessly. The SPX has been up relentlessly for 10 session so far as you can see in the chart. Please click to enlarge. Everything is up with it from the opening bell. Notice on the chart how we are in the upper range of the Regression channel on the daily charts. […]