Wednesday, September 20th, 2017

The earnings season is upon us and we have seen some stellar earnings in many names. Most of the S&P earnings are above estimates in the quarter so far and that is also fueling the upside in stocks. The market seems to be consolidating here after a huge rise last 4 weeks. SPX, RUT and […]

Happy 4th of July ! I know most people are on vacation or have been on vacation since Wednesday for this week. The market was closed on July 4th but on this Friday it did open full day and we had a very important monthly unemployment report that came out very strong. The unemployment report […]

The media becomes ripe with innuendo and speculation once the market starts tanking. They sell the news. There were many people mouthing off 5 % to 8% correction yesterday on major news channels. One thing you need to remember these are opinions- not facts- not anything close to being a market technician and they are […]

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. […]

This is the other side of the coin. There was a time when the uptrend seemed almost unbeatable. For three weeks day after day making news highs the market climbed a steep slope, throwing everyone in amazement and wonder. How can this market keep on doing that? And finally on May 22nd, SPX made a […]

The market is logging in new highs everyday and everyday non stop. All the indexes have been up in a sustained bullish action over the past week since May 3 unemployment report which gave a reason to become euphoric for a few weeks. The unemployment numbers were good and the previous old low numbers were […]

After yesterdays close of the SPX and RUT with huge engulfing red candles, the market came back strong from the open and regained most of the ground. As it has been the case lately, all selling or dips are met with a bid to the upside. SPX lead the way retracing 61.8 % of the […]

GOOGLE is the biggest stock there is in the whole universe of stocks. It is an 800 ib Gorilla in the room. Biggest means the price numerator and its price action. The stock is a mover , it doesn’t stays quietly, it moves 10-15 points on a given day and unless you have the stomach […]

MARKET UPDATE posted 03/13/12 Unable to display content. Adobe Flash is required. The stock market keeps inching higher on good economic data. Today the retail sales came in very good and it helped the weak market back to close near new highs. This market is now entering a zone of unchartered territory. The 2007 highs […]

The market dropped at the open on Sequestration fears and the usual media hype built around it. The opening once again shook the tree. But soon afterwards ISM manufacturing data poured in and it was a strong report and SPX managed to pare back most of the morning losses. In looking this whole week it […]