S&P 500

Dave Skarica comments on the markets….

Greg Weldon breaks it down for us in this great interview…..

Savvy and experienced market technicans and traders will laud the concept and importance of relative strength. Relative strength analysis can be used on any time frame. On large time frames it can tell us which sectors could be future leaders. On shorter time frames it can also provide insight to the future. In this analysis … Continue reading

May was the worst month for the S&P 500 since August 2010, but the percentage loss for the month only ended up being about 1.5%.  The four day rally at the end of May, including the big up day on Tuesday, served to soften some of the damage done in May.  But the market … Continue reading

The S&P 500 has rebounded about 100% in 100 weeks. What crisis? What new normal? The economy is recovering and happy times are back again. Old normal is back. Stocks for the long run! Permabears be damned! The permabulls are back! Rates are low, core inflation is low, its Goldilocks time! US stocks are only … Continue reading

The past week has been interesting to say the least. Gold is trying to find support while the SP500 grinds its way higher. Let’s jump into the charts and analysis to get better feel for what I feel is happening here. Gold 4 Hour Chart As you can see from the chart below gold has … Continue reading

  This essay is based on the Premium Update posted on November 19th, 2010 It’s no secret that the U.S. is borrowing too much, that China manipulates its currency and that Europe’s fiscal troubles are growing at the same time that “the luck of the Irish” is running out. There does not seem to be … Continue reading

  This essay is based on the Premium Update posted on November 12th, 2010 Now it’s official! The yellow metal has gotten the golden seal of approval. This week none other than the President of the World Bank said leading economies should consider readopting a modified global gold standard to guide currency movements. Writing in … Continue reading

The move to a lower low on Friday puts the odds squarely in the “one more leg down” camp. I’ve noticed a couple of patterns emerging in the stock market. The first one is the tendency for a market cycle to bottom on an anticipated news event. The last two intermediate cycle lows bottomed on … Continue reading

Now that everyone is thoroughly confused by the market, it’s time to take a step back and see what’s going on. We are at a pivotal point where the market can turn either way. The market has rallied more or less nonstop for the past 2 weeks so we are due for a little breather. I … Continue reading

It was an interesting options expiration week for equities that’s for sure. We saw some very choppy price action with large waves of buying and selling as the bulls and bears fought for control. Both Gold and Oil closed lower for the week which is not a good sign considering the US Dollar dropped like … Continue reading

Rick Ackerman’s pal Chuck is bullish. He too heard the “death cross” chants blaring far and wide, saw sentiment in the dumper, saw Robert Prechter and other D Boys broadcast far and wide and figured the fear was not sustainable. Now, at the dawn of — yawn — another earnings season, Chuck is bullish on … Continue reading