It only takes a quick glance at the daily SPX indicators to assess the current market position. Last week, for the first time since the 2346 low, they “sputtered”. It is no wonder since from about 2600 the index has started to meet with...
Friday Morning Comment: “Trade talk optimism, options expiration, a three-day week-end, and a Bradley turn date! That’s a powerfully bullish combination which undoubtedly generated massive short-covering rather than genuine buying when...
After a three-month decline of nearly 600 points, SPX was more than ready for an oversold rally. The end of the initial down-phase of an intermediate to long-term correction which is expected to last for several more months finally came at...
On Thursday of last week SPX was down 62 points. On Friday it was up 84. This market is not for the faint-hearted! Daily moves of 700 points or more are becoming common place for the DJIA. But you might as well get used to it because...
After a substantial and precipitous price drop of 450 points during the past two weeks, SPX has finally found a bottom and is rallying over the short-term. In keeping with the current volatile market nature it has already rallied 173...
When the market began a serious correction in October, it looked as if it were starting what could turn out to be a “bear market”. This became more evident as time progressed and the downtrend deepened. It is normal for the stock market...
Market technicians who follow IWM are aware of its propensity for reversing its trend ahead of SPX and DJIA. This was particularly obvious at the last market top when IWM printed its final high price on 8/31, while SPX did so on 9/21, and...
This market has been a real bear, lately! (Forgive the pun, but is it really one?) While we do not have absolute confirmation that we have started a bear market -- and won’t until we begin to decline in earnest below 2604 -- all the...
Longer-term, SPX is most likely tracing out an important top before it starts (resumes) a correction taking it significantly lower. Only long-term investors will debate what lies ahead, but even at best, the anticipated decline could...
Last week, SPX declined over 100 points to a new closing low and is ready to challenge its intra-day low of 2604. DJIA matched it with a loss of 1127 points for the week. But NDX was the worst performer, dropping 340 points for a new...