Daily Analysis

I’ve spent more hours looking at, diagramming and studying the S&P charts over the past month than what and sane human should do over the course of a lifetime. And after another round of spending an ungodly amount of time on it, I discovered an interesting channel that the S&P was trading in, and if

Very crazy day today, almost as if the bulls finally awoke to what everyone has seemingly known for quite some time now – and that is the economy is in shambles, nothing has changed for years now – despite the stimulus bills totaling trillions (total waste), empty political promises of a better tomorrow and a

After yesterday’s strong afternoon rally after hitting some major lows on an intraday basis, I think it is still quite clear that the bulls still have control of the market. I expect that this is will be the week that we will test and likely break that 1130 level on the S&P. If that occurs

Finally at week's end. Get rested, enjoy some time with family and get ready for the week ahead. We have Fed releasing its FOMC Statement on Tuesday, so that always creates a lot of hysteria in the markets.

Strange how the market tends to repeat itself in a similar fashion time and time again. In this case, one doesn’t have to look back any further than earlier this year to see how the market is making a similar pattern to the inverse head & shoulders formation (IH&S) that we saw toward the beginning

A lot of ways to read the current market, as things have become quite muddled in recent weeks. However, as I try to do each and every week, I post the NYSE Reversal Indicator for you to gauge the momentum of the market and as you can see we are starting to once again hit

So far so good for the bears. The bulls fought hard in the early going to ignore the negative consumer durables report, and despite closing the morning, gap, haven't really been able to show much interest in fight back at this stage of the market. The downticks look strong, and the volume readings are much

Thank God for the weekend – it couldn’t have come soon enough for the bears (meaning myself!). I’m all cash as I sold out of all my positions prior to yesterday’s close since the market on both the index and futures, managed to break through the 1100 mark. I’m not really sure how high the

To say the least this has not gone overly well for me today - down about 2.4%. Took profits in one position and have since been stopped out in two others. Starting to look pretty desperate for the bears. If the bulls can push this market through 1100, then we could see a real breakout