Tuesday, September 26th, 2017

There are numerous reason for the market to be down.   Japan and the nuclear meltdown and Libya most importantly.  Bad news brings out bears and bears attack in droves and push the indexes down and crater leading stocks. SPX, RUT, NDX are all below their 50 day moving averages and in the hands of bears […]

SPX is touching 1100 which is an important level, if we close above that is very bullish. The market is looking much better now. But lets not jump into excitement. I have seen too many sell offs in the last 3 months when Financial Reform Bill was being debated around including a flash crash on […]

Senate passes Financial reform Bill 59-39 national anger  pours at  Wall Street. The Culture of Greed perhaps has come to a halt. This is a comprehensive sweeping reform the biggest since Depression Era of 1930s. Watch the video. [FLOWPLAYER=http://indexoptionstrading.alliancemtg.com/wp-content/uploads/2010/05/2010-05-20_WSTREET.mp4,570,350] According to Huffington Post ” In its broad sweep, the massive bill would touch Wall Street […]

The stock market had another horrific sell off as Senate nears a historic vote. Here is the quote: “Senate Majority Leader Harry Reid predicted that several Republicans will break from their party tomorrow morning, likely thwarting a financial reform filibuster. “A number of senators, Republican senators, have told me they will vote for cloture,” Reid […]

Wall Street gathered more than $20B in bonuses in 2009 as recession plagued US While the whole nation was quagmired in a punishing recession Walls Street was back to its old ways. After being bailed out by your taxpayer dollars, they take huge bonuses while the country still rocks under double digit unemployment. I guess […]

Here is a chart that is making waves on the Internet and media. Every picture tells a story , have you heard the Rod Stewart song ? Well this one speaks of itself. We have come  a long way since 2008. Do you remember the dark wintry nights of 2008 ? The world was coming […]

I bet that question has caused sleepless nights to many. I am not immune to these emotions either. I felt caged and helpless and frustrated just like any other trader. Negativity and depressive psychosis is  hitting the streets again just like in 2008 when the end of the world was near !  But since than […]

Those of you waiting for the market to crash and burn, I got news for you. This is not 2008. We don’t see roller coaster rides 400 points up and 600 points down. It used to be that a 300 point movement in DJIA was considered nothing. Not any more.  Not now. Since Obama administration […]

Last  few posts I was concerned if $SPX would not make it and go lower. Here is what is going on in current stock market. But at the last minute, just by sheer luck as if it had to happen $SPX pulled up from the Bullish cross. Yes we could have been in the 860 area  or lower for […]

So far so good. Stock market is in a confirmed rally mode since the Follow through day on March 11, 2009, according to Investors business Daily  and William O Neil school of thought. Every bull market starts off with a rally attempt, from the very lows, and has a follow through day subsequently after 4 […]