S&P 500 Technical Analysis Update June 17, 2013

Stocks Look Shaky Before FOMC Meeting June 2013: Stocks are hitting resistance levels in a much more volatile week than most traders expected. ┬áMany market participants are hedging just in case Ben Bernanke uses the “T word” tomorrow, but how can Bernanke mention tapering as opposed to possibly expanding QE? Chairman Bernanke has been explicit[…]

U.S. Economy Adds 175,000 New Jobs & Unemployment Rises To 7.6%, Why Taper?

Why Fed Tapering Talk Should End: All the talk about the Fed pulling the punch bowl on liquidity is a bit premature. Yes the stock market has been rising without pause for a few months but that doesn’t mean the economy is any more solid than 5 years ago when President Obama first entered the[…]

May 2013 Jobs Data Could Show Fed Has No Reason To Signal Or Taper In 2013

Recent Fed Signaling May Be Too Early Depending On May 2013 Jobs Data: The stock market has been on a tear recently but Fed officials have been making comments that are getting market participants nervous. ┬áThis week’s ISM report, ADP payroll information and initial jobless claims data shows this approach may have been a bit[…]