Author: Polly Dampier, Naturus.com

Strength on the upside has been diminished. The volume can’t catch up with the price and showed a bearish divergence. Yesterday’s high could be the small pullback high, and now go further down to test 1153.00-50.00...

The S&P 500 cash index (SPX) closed at 1176.19 on Friday for a net weekly gain of 11.04 points, about 0.9%. October option expiration week ended Friday and investors will now continue focusing on company earning reports and...

ES steadily sold off until 3 pm yesterday, then bounced sharply from the 9-period moving average line — exactly at the position buy we posted 12 hours before the market opened — and closed virtually flat for the day....

The market had its seventh rally day in anticipation of QE2. We are also waiting for Mr. Bernanke’s speech on Friday morning at 8:15am. The public wants to get Ben’s confirmation that Fed will continue trashing the...

ES had some profit taking movement in the early morning session. Later it bounced from its major support level and anticipated the FOMC minutes report. Finally it hit the high level of May 6, 2010 and reversed down to 1164.50...

ES struggled around the top band of the uptrend channel yesterday and made very little gain from Friday’s close. Basically the rally should be ended around 1163.75 area. Yesterday ES made just slightly higher than 1163.75...

The S&P 500 cash index (SPX) closed at 1165.15 on Friday for a net weekly gain of 18.91 points, about 1.6%. Once again the SPX is positive for the first week of October. There was some disruption early Monday, but by Tuesday...

ES closed at the 1156.50 area without much change from its previous close. Without Fed “QE” funds involved, the market seems barely alive. How does QE work? Please see this article by Martin Hutchinson:...