This market knows no bounds. There is a million reasons why this market should be much, much lower, but the central banks don’t want that, and until they take their foot off the gas pedal, I don’t expect much to change. At least not ahead of the US election in [...]
The S&P has made a historic rally over the previous three trading days. It is no surprise that it is churning sideways a bit today. Bounces like what we saw this week are so far fetch, that they hardly ever occur. In fact for us to be down 4% on [...]
Technical Outlook: Nasty sell-off on Friday, that had only a marginal dip buy at the close. Overall, the market lost its 5 and 10-day moving averages and the last two trading sessions alone have wiped out the previous nine days of upward price movement. As a result, there has to [...]
