Not much to add today.  Volume was light at 159 million on the spy.  Of course the market rallied on the light volume.  We are extremely close to a top.  Maybe tomorrow we’ll hit 110.34?  Apples’ earnings were good after hours and that could be enough reason to rally just a little bit . . . → Read More: Waiting on the sidelines…

I’m still looking for the market to go to 1108 spx before any significant correction down.  I believe it will be reached next week by Wednesday.  Option expiration was Friday for most stocks and indexes, but the VIX expiration is actually this coming week, on the 21st… which is Wednesday.  That’s one reason . . . → Read More: Weekend Update…

The markets are just taking a breather, before one more up swing to 1108 next week.  Be ready, as once that level is hit you can expect a drop to the 900 area within the next month or so.  More details on my weekend post.

Have a good weekend everyone.

. . . → Read More: Taking a breather…

The gap was filled today on the intraday low from 2008, but I’m still looking to see the closing gap filled at 110.34.  Tomorrow is Friday, and usually has light volume.  (Today the market only traded 170 million shares on the spy).  So, I’m not expecting a major pullback yet.  They will try . . . → Read More: Gap was filled, but volume is weak…