Author: Jeff Pietsch

All but a few tick bars have been above their pivot today and other internals are very strong.  Although SPY $118/ June-ES 1,175 provided initial resistance, that 1,200 level is an obvious and strong...

It’s still hard to get used to such small reactions, isn’t it?  The VIX is up over 5%, and yet price is down only a fraction and the Financials are actually ahead.  The strong dollar probably isn’t...

The market looks set to post new highs after flirting briefly with the rising five-day moving average.  Internals continue to firm up.  Leadership sector performance is a bit mixed as we retest the am highs; however,...

The “Magic Monday” effect has markets trading higher once more for a quick recovery off of S1, and internals are steadily improving for a stealth trend-day.  However, new 52-week highs is not showing much...

(Click Image to Enlarge/ ETF Rewind Glossary)Markets had moved higher for so long, that Friday’s small dip dissipated highly senstive overbought readings.  However, momentum had been waning towards the end and several...

Quad Witching has provided the volatility needed to break the winning streak.  SPY has seemingly found support near $115.75.  In as much as I’m distrusting of that support based on very weak internals (it’s...

Well, the Financials and Semi’s aren’t helping the bulls much either. Internals are seeing a slow deterioration along with price. I can’t call this, nor do I foresee, a break down by any means (heck the VIX is...

It’s more of a mathematical curiosity than anything else, but check out the odds of 14 successive up-days below, the record for which looks to get set by the SPY today. If that’s not a pot of leprechaun gold for the...

The market is putting in a solid trend-day follow through to yesterday’s FOMC inspired launch.  While internals look very strong, the SPY is seeing strong mid-day resistance at its second pivot of...

Blue-lined markup comparison of the March versus January FOMC statements below. Also see past Fed-Day reactions on this site, and prior statement markups here. It would appear that the focus here is on continued stabilization...