The market is looking pretty scared right now.  It rallied a little, and then sold back off into the close.  Tomorrow night is what the market is waiting on.  Although I think we will go up into the events, it is possible that we sell off tomorrow in anticipation of bad news from . . . → Read More: Waiting On Obama…

Looks like the market rallied a little today as expected.  I don’t have anything to add today, as I explained it all in my weekend post.  I’m looking for another flat to slightly up day tomorrow, and Wednesday.  I’m still looking for a fall to 108.00 SPY by Friday (or Monday).

I expect . . . → Read More: So Far So Good…

It looks like the tide has finally changed!  There is no doubt now that this market has officially rolled over, and is heading down!  I have to say that this took me by surprise.  I really expected them to pull it back to 1115 spx and then rally one more time into 1160-1180 area. But, . . . → Read More: Weekend Update…

Another huge sell off… unbelievable!  I was wrong again, as support at 1115 broke and down we went!  I hope all of you that were short… stayed short, and didn’t get out as I posted yesterday.  I guess I’ve been so conditioned to expect a rally to occur after any big down, that . . . → Read More: It’s A Great Day To Be A Bear…