Sunday, November 19th, 2017

Market uptrend is still intact as you can see in this video. The individual stocks are not in uptrend specially the biggest stock AAPL that dragged the Nasdaq down with it. There were technical and tax reasons and news that blasted a furious move to the downside. The stock opened with a gap and was […]

This is an overbought market that failed to catch the 50 day moving average. The reversal yesterday didn’t extend heavily into the market and it still finished above 1407 the 23.6% Fibonacci retracement levels. The next stop is 1392 the 38.2 % level. Most leading stocks finished where they and down a bit but AAPl […]

The description couldn’t be better as Scott Blier founder of create Capital says “ Ben Bernanke is like Pavlov and Wall Street is like Pavlov’s dog”. The dog is trained to respond the way the master rings the bell. As long as Bernanke is there to pick up the pieces, the market is there to […]

Its been rough this last week in trading stocks or equities. For seven straight sessions the market has gone down. SPX has plunged from 1260 to 1158 just about 100 points in a week. That is an extreme and shakes up weak hands, people give up and sell and take a loss. But what it […]

The Super committee entrusted to cut debt spending 1.2 Trillion dollars has failed. Its deadlocked as expected and we are back where we were in August. Stocks have taken a cue in the past and will go down for few more days. Market does not like this kind uncertainty on top of European debt woes […]

This nice rally in October made the case for further upside to the market. The debt crisis in Europe seemed to end with 17 member Eurozone coming to the rescue with a $1.4 billion in aid package and giving a helping hand to Greece to avoid a disastrous situation. But the Greek’s Prime Minister shocked […]

Stock are surging in broad based market rally on news about Europe’s debt crisis that has been adequately handled by 17 Eurozone countries with a massive $1 billion plus Euro package. Greece debt is getting addressed which has been harking our stock market for the last 2 years. It is seemingly possible that bondholders may […]

Here is what it looks this week as European debt crisis gets a fair shake by 17 Eurozone countries. Expecting some kind of long term solution at this point. As a result stock market rallies hard with leaders going up 10 to 15 points in today’s action. There is however resistance above with 200 day […]

Senate passed the debt ceiling bill today with a bi-partisan vote 76-24. This takes off the threat of US default on its debt obligations and possible credit downgrades which may still happen. The world will live and US markets will live ,because today is August 2 , 2011 and if this bill had not passed, […]