Going Down?

After such a huge rally, who’s left bearish?

Well that would be me of course.  Today closed at 106.30 spy, and filled the fake print I posted with 10 cents to spare… What will tomorrow bring?  I see two options here: One, a run up to 1070.50 spx, to fill that fake print… . . . → Read More: Going Down?

Indecision?

that’s what we got today…

As for tomorrow, I don’t know where we are going?  That’s why they call that the “indecision candle”, or doji.  It looks very bearish how it went up to the 1040 level that I expect on Friday (a day early I was), but we should rally at some . . . → Read More: Indecision?

Weekend Update…

I can’t find anything bullish?

I wasn’t sure what to say this weekend, so I’ll keep it short and simple.  I looked hard for a reason to see a gap up on Tuesday, but I can’t find one?  Yes we are overdue… yes we need one… but I just can’t see it in . . . → Read More: Weekend Update…

Jobs, Jobs, And Less Jobs…

… unless you want to clean up an oil spill for BP of course.

Yes, the numbers were horrible today… for the Continuing Claims and Initial Claims that is.  Tomorrow has the  Nonfarm Payroll and Unemployment Rate, which should be just as bad.  But, we are very oversold right now, so I’m expecting . . . → Read More: Jobs, Jobs, And Less Jobs…