There is every reason in the world that this market should pullback and it simply doesn’t. Doesn’t mean it cruises higher, it just stays in “No-Man’s Land”. Rallies can’t be sustained and sell-offs can’t get started. That is a stalemate, my friends. […]
Happy Memorial Day Everyone! With the stock market closed, I hope you enjoy the day off with friends and family. But more importantly I hope that you take some time out of your schedule to reflect on the brave sacrifices and ultimate price that America’s finest men and women have [...]
Is it a top in oil? Maybe. Maybe not. What I do know is that USO (United States Oil Fund for those wondering) is having a horrible time trying to push through the 200-day moving average. If you look, at the weekly chart, this commodity has surged higher and since [...]
Just think… just a little over two months ago, SPX was down almost 12% year-to-date with what appeared to be no end in sight. Since then, the market has been on an unabated rally that has erased all of those losses that the market was experiencing. […]
