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What Killed Toys ‘R’ Us?

What Killed Toys ‘R’ Us?

In another blow for America’s…

The App That Democratized Trading Is Now Worth $5B

The App That Democratized Trading Is Now Worth $5B

Investors and customers have rallied…

The State of the Trend

The Vix system, which alerted us to a 100+ SPX points drop two weeks ago gave a long signal capturing a 30 point move to the upside:

SPY Weekly Chart
Chart courtesy of OddsTrader

The weekly market breadth indicator is no longer overbought and has droped to levels which precede sustained upside moves in the market:

SPX daily Chart
Larger Image

Despite the obvious uncertainties regarding a deal being struck on time in Washington, there are a few other troubling signs remaining. During the recent sell-off, SPY and SPX broke below the ascending channel in effect since November '12, which puts us on a ascending wedge watch:

S&P500 Chart
Larger Image

While the SPX and the DJIA have plenty of wiggle room to the upside, the Russell 2000 index should be the first one to signal whether bulls remain firmly in control by leading the charge to new highs:

iShares Russell Chart
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GLD and SLV continue to be under pressure, with GLD taking a big hit on Friday and losing the 50% retracement level once again:

SPDR Gold Trust Shares Chart
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