Sunday, November 19th, 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 […]

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 […]

Have not seen a sell program that strikes at 12 noon or 3:00 PM all this year. I was wondering what happened to those good old fashioned sell offs? Those ugly candles and red on the screen. When the dust settles all is well and we are back at the buying table. The market clearly […]

SPX continues to grind higher. The haphazard formation of Megaphone  like pattern has clearly resolved to the upside with today’s move.  Usually these patterns are bearish in nature and lead to lower prices. The earnings season is almost over, and now the attention focuses back on the economy and Europe and other fiscal matters. What […]

The SPX definitely reversed after putting an impressive rally on Friday with a bullish engulfing candle. This was a cause of no concern as it was expected that such move was due and this could be the pullback bulls and bears may be looking for the last two weeks. RUT also drove down from the […]

Shares of Netflix have rebounded 40 percent in just 5 session in 2012. Why? There is a  story behind it. The worst performing stock of 2011 that dropped from 300 to 67 in just under 3 month period is now making a comeback. You know in stock market the memories are on short lease. Those […]

Will there be a handle? Looks that way doesn’t it. The pattern is nicely complete with a nice cup formed over 2 months. First the downside of the cup that touched the 200 day moving average and than a slight bounce and the formation of the right side of the cup shaped pattern. Given below […]

Here is Jim Crammer talking about why April is a rough month. There are number of things that are undermining people’s confidence. The gas prices, food prices and the wrangling over the budget. Not to mention there are three wars that are fought at the moment. This kind of rattles the public and stocks are […]

The triangle broke down to the downside. If your remember the video on 3/9/11 we talked about. After breaking down the market has run into lots of support at 50 day moving average as pointed out in the video. It has nowhere to go unless SPX breaks that 1300 level with brute force in another […]

Here is quick market analysis video for you. Take a look whats going on . The market seems to be coiling up in a pennant and will ultimately break out to either side, most likely to the upside as this is a continuation chart pattern. How long this will continue? No one knows that. But […]