There’s not a lot of reason to be short on this market… well that depends on the day of the week of course, because on Friday of last week and Monday of this week, things were starting to look grim. Since the debate, the market has been extremely bullish. And [...]
Technical Outlook: A horrible jobs report, the worst since September 2010, led to a hard sell-off initially for stocks, but keeping with tradition, saw about 70% of the day’s losses recovered by the close. Despite news that would suggest an economic slowdown is underway, stocks simply cannot pullback and hold [...]
Technical Outlook: SPX had a heavy sell-off yesterday and took price action below the 20-day moving average (just barely) at the close for the first time since the market rally started on February twelfth. SPY this morning is looking at a significant gap up to reverse yesterday’s losses, adding to [...]
