With the S&P 500 at an area, 1395,  where some support could appear in the short-term, there is not much to do today. The overhead resistance above 1420 is a ceiling for now. Aggressive decision traders could lighten up a…Continue Reading →
We are watching this early action today. Short term market calls are difficult at best, but the proximity of the optimum sell level and economic reports later this week tell us that traders should have short poistions in the stock…Continue Reading →
Is it coincidence that the oil market made a base the day of the first current stock market low on 1/22/08 and has rallied 49 percent? The Fed has provided a lot of liquidity during this time and no doubt…Continue Reading →
The commodity bubble will not end until interest rates, especially short term rates rise measureably, ie Fed Funds over 5 %, however we are seeing the start of an estimated 30 percent trading decline in the grain and oil market. This will…Continue Reading →
The market continues to work around in this area topping area. Be patient if you are a trader, just work some swing trades within the range. Longterm investors should be at minimum long position for their particular ladder.
Our number is 1437. The price we would like for trading accounts to short the S&P for a long term position.
This morning we got a little over 90 percent of the expected rally. You can sell here or possibly wait for all of it early next week. We expect from next Wednesday forward the market will be under pressure.
In answer to a question about yeserday’s comments, (what was meant by a 3 day to 3 month event), we were referring to how long the market will take to put in a top in this area under and around 1435. These…Continue Reading →
80 percent of the rally from the January lows is behind us. As the CNBC gate opens at 1400 on the S&P, a brick wall is waiting at 1435. This is the most imporatant decision making juncture this year. It…Continue Reading →
Our read on the effect on the stock market around midnight last night is being called into question this morning as the market has rallied to around yesterdays highs. We were bracing for a setback in the market on our…Continue Reading →