Wednesday, January 17th, 2018

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. […]

SPX is buoyed by QE3 and is headed higher so far . All eyes are on the monthly job report tomorrow and the expectation is 113,000 jobs added with an unemployment rate stuck at 8.1 percent. In the event of a non horrible job number the market should move higher because its oversold. Last week’s […]