The S&P’s are stuck inside Fridays range of 890-916. The 916 high was the .318 Fibonacci retracement

from the 2008 lows  and the 2007 highs. We stopped on a ... Read More »

Yesterday in the last half hour we surged to new highs close near the top. This was the same scenario

on Friday. We are still in a strong up trend with no reversal in sight. The ... Read More »

S&P’s are still in a good up trend.No real sign of a reversal. S&P’s tested a major level of resistance and Read More »

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 »