As I mentioned late yesterday, the bulls are getting their nerve back but unlike what CNBC’s Mad Money Cramer says, we are not starting a bull market, we are staging for a bear market bounce, and the top side of the area…Continue Reading →
Today based on the Feds announcement we saw the first rally into the overvalue area above 1360 on the S&P. The market got beat back into the first tier of undervalue 1335 to 1360 later in the day and could…Continue Reading →
On the active trader line I advocated exiting S&P short positions at 1357 basis cash . This is an extreme contrarian market call but the bottom pickers are scared to death today and even Jim Cramer is bearish. A close…Continue Reading →
The S&P market is currently bounded by a trading range of 1363 to 1461 and at the moment is close to the bottom of the range. For me a close below 1363 would signify the verification of a bear market…Continue Reading →