Author: Jeff Pietsch

Internals are heavily negative, and, although price is holding at the mid-day just above SPY $108, this seems to be the second leg down that many Market Rewind chat-room participants had hoped to catch on a firmer bounce —...

Blue-lined markup comparison of the January versus December FOMC statement below. Also see past Fed-Day reactions on this nifty little site, and prior statement markups here. [Click Graphic Below to...

Not much to note except that we are hanging in there considering overseas performances.  I will note that Cumulative Tick is very negative.  Even now price is mounting an assault on its morning lows.  This...

Overnight futures were down significantly at one point on the Asia trade.  Although we gapped somewhat lower at the open, we have had a nice reversal ever since.  The VIX is falling hard, Cumulative Tick is rising and...

I did not like the early weakness on the a.m. gap.  However, the probe failed (or succeeded depending on your viewpoint!) and we have bounced back on stronger sentiment readings. Still, this feels weakish — though...

(Click Image to Enlarge/ ETF Rewind Glossary)In a retrace reminiscent of the early shots across the bow of 2007, a perfect storm of overbought conditions, peckish earnings responses, and political heat on the Fed and the banks...

The SPX slid under its 50-day moving average and found support at the round 1,100 mark.  However, price snapped back quickly at that point and we are currently running in range-day fashion with Up and Down Volume just about...

 Hope you will indulge me with a little bit of humor on this big down day…

Price action fell to pieces soon after an opening reject of the intra-day 5-DMA, leaving the SPY near its second indicated potential support level at its 50-DMA of about $111.65 (the first for ETFR subs was yesterday’s...