Well, it’s that time of the month again, where I get really cranky and a bit bloated and… wait! I’m thinking of something else. Also, I’m…
By now, everyone who has access to cable television, internet, or carrier pigeon knows that the Dow Jones Industrial Average (INDU) reached a new all-time-high earlier this week.
I always enjoy anectodal market sentiment indicators, …
In Monday’s update, both the preferred outlook and the first alternate count projected that the S&P 500 (SPX) would rally to 1540 +/-, which happened…
Bulls and bears have been locked in an impressive battle for the past several weeks, as we can see on the weekly chart below: Four straight…
Long-time readers will recall that I’ve written about fourth waves as my arch-nemesis, and the current market hasn’t disappointed me in that sense. The market has been whipsaw city for the past few sessions, and this is typical behavior for…
Some nights I don’t know how I get the update finished, and this is one of those nights (I know for most people, the sun is…
In yesterday’s outlook, I outlined the fact that I felt the S&P 500 (SPX) was quite ambiguous, and as a result, choose to focus on…
It goes without saying that nobody wants to get caught looking up when it’s time to look down, and vice-versa. This is especially challenging in a market…
Yesterday saw the release of the latest Fed minutes, and they revealed considerable dissention among committee members as to how long QE should continue, and whether or not…
In the pre-market update of February 14, I anticipated that 1514 would become an important short-term support level, and so far the market’s bounced twice from that level. I’m going to use this opportunity to unmask a bit of the “magic…
