Monday, November 20th, 2017

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. […]

We are about to take out 2007 highs. After a scary job report last Friday bulls are back with solid push to the upside as you can see in the indexes. The job report was bad overall, but the Feds are on the side of bulls. The printing presses are running overtime and the QE4 […]

Unable to display content. Adobe Flash is required. SPX bounced off the congestion pattern it was creating last few days and closed just near the all time highs set back in 2007. The erratic action seen last few days made many traders nervous and unable to take long positions. This however looks like will be […]

A better than expected number on employment of 236,000 helped boost the stock market upwards. The improving job sitaution will continue to keep a push in the market next few months. All major indexes including SPX , RUT and DOW finished ahead. SPX is now with 25 points of the 2007 highs as discussed in […]

The earnings have been the driver for this month. The earning season is almost over with few names still left to report. Once the earnings are winded down the attention will shift to the fundamentals and the economy. A bad GDP report with the US economy shrinking for the first time in 3.5 years has […]

  Since the start of New Year stocks have been barreling to the upside killing bears and short sellers alike in a hurry. The shorts have disappeared completely. The earning season is also reaping rewards. Most S&P 500 companies have hit high marks this month and continue to dazzle institutional buyers. AAPL, NFLX and others […]

3 Horrible job reports in a row, nothing less. Trifecta of horrible jobs reports have hit this second quarter. According to labor department 80,000 new jobs were added in the month of June , making it a most dismal quarter this year 2012. The economy is also lurching and grinding with poor numbers all around. […]

by Robert Reich Friday’s jobs report for April was even more disappointing than March. Employers added only 115,000 new jobs, down from March’s number (the Bureau of Labor Statistics revised the March number upward to 154,000, but that’s still abysmal relative to what’s needed). We need well over 250,000 new jobs per month in order […]

The market is in the hands of bears today.They have an upper hand. No use fighting this. We have been talking about it for most of this month. We know what is causing it. Let me recap the same thing again. It was war drums that spiked Oil futures and the gas prices went to […]

Despite high gas prices and other constraints on the economy stocks rallied hard towards fresh highs. The reason : News, good news.  the economy is still in shambles and delicately poised to lose steam if gas and oil prices keep hovering higher. But the stock market is rallying hard driven by the news. Click on […]