The S&P’s continue to move higher for the 11th day in a row. We began this move when the H&S failed to

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The S&Ps have tested both sides of resistance and support in the last 3 days and never penetrated either

one. We have a bit of a rising wedge w ... Read More »

The S&P’s have had 7 up days in row and are short term overbought. Yesterday we tested a major resistance

The EC had a huge coil and is now hinting new trend and leg up is near. We have all the signs of a possible

breakout is coming. We had a buy signal when we closed above the 30 SMA of the highs 4 days ago.  That& ... Read More »

We took the air out of all the 890-900-910 puts with this ripping rally to the upside. It is option expiration

today and I would guess we can pul ... Read More »

We had a big reversal in the S&P’s catching short sellers and forcing them to chase the market.

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It is normal to get pullbacks with a Head and Shoulders formation. It is a longer term play that once

initiated will be good until the shoulder line is broken. We ... Read More »

The S&P’s could pullback today to the 893 area. Above there we 897-907 to deal with. Crude could

also move hig ... Read More »

We saw the S&P’s trade back up to the H&S neckline at the 884 area. This typical after

the first good Read More »

S&P’s had a nice break when the H&S neckline was penetrated on Tuesday. We broke down to 865

where we daily support. after testing those le ... Read More »