The S&P 500 cash index (SPX) closed at 1304.28 on Friday, net weekly loss 16.87 points, down about 1.27%. Last week all major indexes suffered a sharp setback. This week is triple witching expiration week when options on...
Read MoreThe long bond price did its correction after the Fed Chairman’s last speech. Fear of inflation and a rising interest rate caused the bond price to drop back to the top line of the downtrend channel. But last Friday the...
Read MoreNon-stop unrest from Middle East and North Africa, and the rumors about Saudi Arabia sent crude oil price higher last week. In addition to the external turmoil, there are two other reasons that helped the oil price go higher:...
Read MoreGold ETF (GLD) price pushed back into uptrend channel again last week. The price broke out from the previous triple Top area 139-140 range on March 1, and has been stayed around that area since then. The price action was bullish...
Read MoreES has been struggling with key support lines for the past 7 days. It went back and forth across the 10 and 20 day moving average lines, and managed to hold the price up above the current major uptrend line. But the daily...
Read MoreThe S&P 500 cash index (SPX) closed at 1321.15 on Friday, net weekly gain 1.27 points week-over-week, up about 0.09%. But from Monday’s open to Friday’s close, SPX actually had a small loss. The SPX took a...
Read MoreThe long bond price has been quietly moving up. It not only moved back into its previous 2 month consolidation range, also it broke its short-term downtrend channel. It is likely for bond price to move up further. The first fast...
Read MoreOil ran up like crazy due to the unrest in Libya. Recently the bullish sentiment level for oil has almost reached the level of those days before the July 2008 price peaks. That time the oil price declined 78% over five...
Read MoreGold ETF (GLD) moved above its key area last week and re-entered its previous uptrend channel. The price has held up above the low band of the uptrend channel and paused around the triple top area, but the price could go beyond...
Read MoreES bounced off the 40-day moving average line and managed to close around the 9-day moving average, which was broken on Tuesday (Feb. 22). Today 1322.50-25.75 range will determine if the ES can move back up or should continue...
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