Market down on light volume? That’s a change!

Today the market traded about 150 million shares. That’s another light day, which normally has a positive effect on the market. Usually the buy programs come in and rally the market higher at the close. That didn’t happen today. What is going to happen with higher . . . → Read More: Market down on light volume? That’s a change!

Weekend Update…

Since most of the other blogs out there are focused on technical, (and since I’m not an expert at TA Elliott waves, Forks, Fib’s, and Astrology), I decided I do this post on my “Gut Feeling”… backed up by some evidence.

During the last 6 months or so I’ve seen the market . . . → Read More: Weekend Update…

I don’t believe this insane crack driven rally is over yet, but I do expect a pullback Monday. The levels to look for are 1040 SPX, and if that breaks then look for 1020 (although I don’t expect 1040 to break on Monday). The rest of the week should be down. After that, I . . . → Read More: Expecting a pullback Monday…

Today was basically a flat day. The market is struggling to go any higher without a pullback first. I’m looking for a pullback to the 1044 SPX first, and if that fails to hold… then on down to 1027. As long as that area holds, then a rally back up to 1108 to fill . . . → Read More: The Bulls are getting tired…