This should not have come as a surprise to anyone. We’ve talked many times about the fed and the role of playing the savior. Not on my watch approach. He knew that if the Eurozone fell apart, so would our markets, and...
Read MoreIn the aftermath of the Fed-led, US dollar injection into the global financial system earlier today, all eyes should be on spot gold prices because a world awash in liquidity just became more awash in liquidity. If nothing else...
Read MoreOur cycle work in the S&P 500 indicates that we are near the timeframe for the establishment of a small cycle low due on November 30 (+/- 2 days). A small cycle is 20-25 days, and lies within the larger, overriding cycle of...
Read MoreNegativity is building as sentiment is starting to sour all over again. Who can blame them. After a very hard fall over five and a half days, the market got extremely oversold a few times and formed positive divergences on the...
Read MoreHeading into the final two hours of trading, the e-mini S&P 500 continues to consolidate at the very upper end of its upmove from Friday’s low at 1147.50 to this morning’s high at 1196.25. As long as intraday...
Read MoreThere are no doubts about our trading days beginning with the futures over in Europe and ending with whether their markets will recover or not. Our markets continue to remain oversold on the short-term charts as they seem to...
Read MoreThe next optimal target zone for the current downleg in the e-mini S&P 500 is 1155/50. This represents the 50% retracement support plateau of the entire up-leg from the Oct 4 low at 1068 to the Oct 27 high at 1289.25. Right...
Read MoreFrom a big-picture perspective, today’s action in the e-mini S&P 500 represents an “inside day,” which means that today’s range fits “inside” of yesterday’s significant down spike...
Read MoreHaving expectations when you look at where we’re at fundamentally makes little to no sense whatsoever. What was the super committee really going to be able to come up with when you break it down We have the entire euro...
Read MoreA big picture perspective of the e-mini S&P 500 shows that the decline off of the Oct 27 high at 1289.25 is nearing key Fibonacci support plateaus at 1179.25 and then 1153.50. Let’s notice that since last...
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