Markets

Oct 23, 2011 at 15:56

The anticipated correction of the SPX after the first wave of the bear market rally was far shorter than expected. From a structural standpoint, it looks as if the "B"…

Oct 23, 2011 at 15:54

On Friday (OPEX day) SPX achieved a powerful break out above the critical 1230.71 resistance and the 100 dsma. Now it remains to be seen if next week price will…

Oct 23, 2011 at 07:26

Our focus this weekend is on a powerful Fibonacci Cluster turn window that started Thursday, October 20th, and lasts into month end. There should be a strong stock market move…

Oct 23, 2011 at 07:23

The SP500 continues to be in a sweet spot, where both the bullish and bearish scenario point to higher prices. The updated chart below shows that the index entered the…

Oct 22, 2011 at 15:20

The "Too Big To Fails" have reported Q3 2011 EPS and in a word, horrible. On the surface earnings looked like another beat on both the top and bottom line…

Oct 22, 2011 at 14:18

Money market funds are no longer guaranteed, yet it is clear that mutual fund companies and portfolio managers believe that the feds will step in once again and bail them…

Oct 22, 2011 at 14:16

Rydex traders (mostly retailers) are way too bullish, accumulated too large bullish assets. See red lines for what happened thereafter. That said, I don't mean the market would drop immediately,…

Oct 22, 2011 at 10:26

Finally we reached my 1240SPX target. (Fridays high was good enough for me) Although to say I thought it would come so soon is an understatement, but when you have…

Oct 22, 2011 at 09:39

The bottom for this cycle appears to have occurred at the beginning of the month. Last week the secondaries were weaker than the blue chips and seasonally next week has…

Oct 22, 2011 at 09:37

Summary: Long term - on major buy signal. Short term - on mixed signals. Our modest position was stopped out with a small loss this week, and we shall wait…