February 2015 Stock Market Rally Continues With Low Volatility But…..

The U.S. stock market has been on a tear recently and defied expectations of a pullback with increased strength this month.  Volatility declined sharply as traders gobbled up equity shares while the TLT faltered.  The current environment is bullish but the intermediate term could be a bit extended.  This doesn’t mean that holding cash is[…]

The Correction That Wasn’t: July – August 2014

Why There Was No S&P 500 Stock Market Correction July – August 2014: It seemed like all the bears were getting ready to celebrate….but not so fast.  The most anticipated correction in history never occurred as the ‘most hated’ stock market rally in history continued.  Against the backdrop of Russian troops at the Ukrainian boarder,[…]

Stocks Drift Lower After Worst Week Since June, Is August 2013 Momentum Fading? $MDY Technical Analysis

U.S. Equities Follow Through On Losses After Worst Week In Several: The U.S. stock market closed lower today after showing early signs of reduced bullishness last week.   The S&P 500 fell 1.95 points to 1,689 as investors fled financials and home builders. Tech and small cap companies may have suffered from a short-term reduction[…]

Technical Analysis Chart – S&P 500 Bounces Off Support Level- April 22, 2013: Where It Could Be Headed Next

S&P 500 Rangebound. The S&P 500 bounced off of levels that were considered near term support after a tumultuous headline filled week due to the Boston Marathon bombers and worries about public safety.  Equities rebounded after the bomb suspects had been accounted for and follow through today was a positive sign for stock market bulls.[…]

Is Gold’s Demise Signaling A Long-Term Risk Aversion Shift?

Gold Prices Keep Falling As Risk Rotation Increases: Gold bulls are getting hammered as more people pile into risk assets such as equities.  It may not be as pronounced as in times past, but investors are getting out of the precious metal and looking for better returns.  Gold has had a good 12 years, just[…]

Technical Analysis Note: S&P 500 April 11, 2013

S&P 500 trend is rangebound: The S&P 500 gained ground as the rally continued today. Shorts are getting hurt as the parabolic stock market move we expected comes to fruition (see March 28, 2013).  The current outlook for the next few days remains neutral-defensive with a bearish bias.  The S&P 500 has been increasing steadily[…]

Stocks Rebound But Does The April 2013 Rally Have More Steam?

Follow Through From Last Week Occurs – Finally: Stocks rebounded yesterday after rising late in the session last week. The follow through upward movement was welcome for bullish traders since the market has been rangebound recently. The rise in stocks came on no economic news but the market appeared to be oversold short term. Traders[…]

Technical Analysis Note: S&P 500 April 8, 2013

S&P 500 trend is rangebound/upward: The S&P 500 pulled back to levels that were considered support on Friday after a dismal jobs number was announced showing a gain of only 88,000 new employed people for the month of March 2013.  The stock market was extremely resilient considering the bad data as well as the negative[…]

S&P 500 Finally Hits All Time High March 2013

S&P 500 Closes At 1,569: The moment traders were anxiously waiting for finally occurred on Thursday, the last trading day of the first quarter 2013. The S&P 500 hit 1,566 early in the day and soon the word spread that the stock market was making gains again although bonds didn’t take too much of a[…]