Saturday, November 18th, 2017

After a three week non stop binge to the upside the market has finally corrected -for the relief of those who were getting tired every morning waking up and finding a new high never set before. It sounded like a broken record. The media was on fire. SPX, RUT, NDX  and everthing else kept moving […]

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 […]

Yesterday we showed you the market divergences taking place in RUT the small caps and IYT etf  which is based off Dow Jones Transports. Both those weakenss spread to SPX and DOW itself and the whole market went down in controlled sell off. One of the things to note is that $VIX has not shot […]

The problem with this market is it is hesitating to take out the old 2007 highs set way back before the Financial crisis hit in 2008. As if this will melt some forbidden icon that is at least has dominated our charts for the last 5.5 years. The sideways action has become a common place […]

Unable to display content. Adobe Flash is required. The SPX is acting erractically and making lots of traders nervous. We had a real down day yesterday and you can see the bottoming tail there and than today we got a surprised gap to the upside. Most of the day markets traded quietly expecting the FOMC […]

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 […]