Federal Reserve

Technical Analysis: The S&P 500 (SPX) keeps marching higher with little resistance to counter its momentum, rising another 14 points towards the goal of 2300.  Even more so, the Dow Jones Industrial Average (DJIA) is up 22 of the last 26 days (over 84% win rate) and has made new all-time highs 7 days in a row.  Despite

Technical Analysis: S&P 500 (SPX) experienced a light amount of selling yesterday, forming a doji candle pattern after establishing intraday all-time highs, yet again.  The Dow Jones Industrial Average (DJIA) is up 21 of the last 25 days (84% win rate). It was the only index among the big four that finished higher yesterday.  The Federal

Technical Analysis: S&P 500 (SPX) put together another strong rally, but under the surface, there was some signs of deterioration in the quality of the rally with the breadth to the upside being slightly outdone by declining issues. Typically, on a day like Friday, advancing issues should be rising on a 2:1 clip, at least.  

Technical Analysis: S&P 500 (SPX) put together another strong rally, but under the surface, there was some signs of deterioration in the quality of the rally with the breadth to the upside being slightly outdone by declining issues. Typically, on a day like Friday, advancing issues should be rising on a 2:1 clip, at least.  

Technical Analysis: S&P 500 (SPX) rallied for a fifth straight day this week and well overextended. Still the market continues to rally.  Volume on SPDRs S&P 500 (SPY) was once again above average and strong, though not to the same extent seen on Wednesday.  Amazingly, SPY has been up 17 of the last 23 days since

Technical Analysis: Wow, what a rally, yesterday. Honestly, I don’t think anybody came into the trading day thinking that the Dow Jones Industrial Average (DJIA) would pop off 300 points or that  the S&P 500 (SPX) would rally nearly 30 points. Nonetheless it did, and is why you always have to be prepared for any and all situations as

Technical Analysis: The S&P 500 (SPX) traded higher in each of the four trading sessions last week, and closed at new all-time highs at 2213.  With the election behind us, the market should start to turn its attention to the Federal Reserve and the eventual rate hike that will come on December 14th when the next FOMC

Technical Analysis: S&P 500 (SPX) took a breather following the previous day’s gains. Despite selling off, the market only finished 3 points lower, and formed a doji candle inside the previous day’s candle body.  The 5-day moving average held up well yesterday following a test of it. The last four trading sessions have seen tests and

Information received since the Federal Open Market Committee met in September indicates that the labor market has continued to strengthen and growth of economic activity has picked up from the modest pace seen in the first half of this year. Although the unemployment rate is little changed in recent months, job gains have been solid.

Technical Outlook: A significant technical breakdown played out yesterday on the S&P 500 (SPX) with price breaking down and below major long-term support at 2120.  Bear flag was also confirmed by yesterday’s price move.  Volume saw a notable uptick yesterday as well on SPDRs S&P 500 Trust (SPY) with volume well above recent averages.  In the past, SPX