Author: Jeff Pietsch

=”text-align:> Last weekend there were early warnings of a potential 200-day break on the S&P 500 (SPY) and that’s exactly what we got with the index down -4.2%, about half a percent below its 10-month moving...

The correction looked overdone just north of yesterday’s SPX 1,050 reference point and with some news flow catalysts, a moderate recovery bounce is underway that I expect should eventually take us at least to a retest of...

Today’s market behavior and the Gulf spill do have their similarities, don’t they? Correlation is running high along with volatility and containment is clearly a concern. Bill Luby posted a nice piece on prior crisis...

We are getting a reflexive bounce back up to the VWAP after tagging the 200-sma/ema and recording an ‘official’ 10% correction off the SPY’s April highs. We’ll see how we do at the VWAP here — on...

We are getting a reflexive bounce back up to the VWAP after tagging the 200-sma/ema and recording an ‘official’ 10% correction off the SPY’s April highs. We’ll see how we do at the VWAP here — on...

Next Fib level is at SPY $111.15, followed by the 200-dma/ema at $110.35. It seemed like a slow drip after the VWAP recapture fail, but the move has certainly picked up speed since the Pivot broke. Going into the final hour, it...

The S&P 500’s gap higher was faded precisely at its R1 and is now finding support near its floor trader pivot, which coincides with several days of closing values. I think a retest of the falling VWAP is plausible as...