Market Analysis

I'm 95% cash for the weekend, and expect to get short on Tuesday.  This is assuming, of course, that hurricane Katia (I pronounce it kuh-TEE-uh) doesn't wash over Central Florida and knock out my power.  It was almost funny to hear the Northerners complain about losing power for a few days in the summertime.  They

It was a roller-coaster of a day for the bulls and bears both. After a crummy Consumer Confidence report, the market managed to rally back an finish slightly in the green today. We’ve got employment reports coming out tomorrow beginning with the ADP report, and ending on Friday with the Employment Situation. So expect there

For the first time since mid-June we are on the verge of getting a “Buy-Signal” on the SharePlanner Reversal Indicator. To say the least, this is the best sign of a market bounce the bulls have had in quite some time and with last week’s market rally on the weekly chart, as well as the

The pop in equities across the board was, to say the least, short-lived, as the market quickly gave up its gains and went into negative territory. Most of this is do to mini-flash crash in the German markets. We have broken some support on the daily charts with the S&P breaking its trend-line from the

The S&P has given up all of its gains on the day, and they were plenty, and now finds itself trading in the red. As a result, the bears are inspired by the failure to push through the 1175 price level, and keeps them from having to consider whether they should cover their shorts or

I posted several charts last night, then spent over an hour writing an excellent post about each chart and some other thoughts on the market.  Then some fat-finger came out of nowhere and an extra BACKSPACE push made my browser think I wanted to go back a page.  It blew away everything.   So, here I

After Friday's close the market found itself back at the same place it was the previous week, when it kept bouncing off of the S&P 1120 level. So that means Monday becomes even more important, in that the slightest bit of weakness will send us down lower to test the intraday lows at 1101 established

So everyone is out there trying to guess how much higher this market will move before the next big leg down. And while I, by no means, believe this to be certain, and don't rule out the fact that we may have put in the year's bottom, I do recognize the global issues surrounding this

This market has been, by far, one of the biggest tests of patience as well as of mind and will. I would basically categorize the market under one of two options: 1) Either the global economy is as bad and unfixable as they say it is, that the central banks have run out of ‘silver

We're waiting to see who is going to blink first - the bulls have the early momentum, but the bears are employing a "bend-don't-break" mentality. But eventually this slow melt up will create an inflection point, that will likely cause the bears to run for the exits ahead of Tuesday's meeting and the weekend ahead.