Author: Jeff Pietsch

(Click Image to Enlarge/ Glossary)Dollar strength on the back of the FOMC’s quantitative easing withdrawal time line left the S&P 500 (SPY) down -0.3% even as the less sensitive Russel 2000 (IWM) finished up +1.7%. In...

This chart looks worse than it is given the SPY going ex-dividend today to the tune of $0.52 (unconfirmed).  See the GSPC to the right for a truer graphic.  While we retested and extended yesterday’s down range,...

Well, the dollar is now about as overbought as equities are oversold in a mere 1/2 session.  The same could be said of the VIX yesterday, which had fallen to the very bottom of its recent channel.  And here we...

Blue-lined comparison of December versus November FOMC statement. Also see past Fed-Day reactions on this nifty little site. [Click Graphic to...

Somewhat predictably after yesterday’s afternoon jitters, the major indices gaped higher and remain above their moderately rising VWAPs on fairly strong internals.  I expect that price action will quiet down going...

Internals are mildly negative with the Financials seemingly struggling the most.  However, selling pressure looks modest and the relative match of down and up volume suggest a range-bound day for the time being. ...

Internals are looking very good and are continuing to improve. The trick will be for the SPY to break resistance at the pre-open/ R1 level of $111.90. On the daily time frame this move has the MACD turning back above its signal...

(Click Image to Enlarge/ Glossary)In spite of some mid-week “moodiness” (US Credit Rating Questioned – Reuters) the S&P 500 (SPY) ended up a flat +0.1%. While tracked equity indices otherwise put up a mixed...

Good economic reports here and abroad had US markets advancing nicely until the dollar matched that strength.  However, yesterday’s mid-line near the five-day moving average has provided initial support and...

Well, I wouldn’t have put this up if the chat gang hadn’t insisted.  Honestly, as helpful as it can be to have a viewpoint and outlook on the next market day, in my opinion, being flexible in that viewpoint and...