DJIA – The DOW was down 724, and THAT is scaring a lot of people. We have been expecting this and so far, it is what it is. At this point I am looking at us on day 27, markets can fall further, watch for support at the 200sma. It CAN BE […]
At times, subtle changes can lead to bigger changes. Yesterday some of the ‘subtle’ changes that I had mentioned in recent reports suddenly look a lot more important. Let’s discuss some FED DAY changes that may have taken place…
Well, its our first Fed Decision with the new chairman Jerome Powell. One has to wonder if the Markets are going to be jittery, the way they did the first 2 times that he spoke, or will they rally on the news? He was sworn in on Monday Feb 5th, and the week leading […]
We are approaching the first FOMC MTG with the new Fed Chairman. So far, whenever he has spoken to Congress, the markets sold off. The deep mini-crash in February was actually the first time that he spoke to congress. So is Mondays sharp sell off a taste of things to come? Or is this just […]
This opening picture describes how the General Markets shot up, especially into the end of last year. With little else than a volatility pop here and there, they just kept climbing. Well, in the weekend report, I like to take a step back and look at that Bigger Picture. At times things stand out from […]
Let’s discuss where we are again, and what one may need to think about going forward.
After the recent selling or pause ( 3 days in the SPX & DJIA, 2 days in the NASDAQ or SOX), it would seem unlikely that anyone has been stopped out. I want to take a look at where we are cycle wise and discuss possibilities going forward, based on a comment that I made […]
Tuesday brought us some sharp reversals in the markets. Let’s take a look and discuss the short term as well as the longer term.
If you have clocks that are not automatically calibrated ( Cell Phones and Computer clocks are, microwave oven clocks and wrist watches may not for example), You want to turn your clocks ahead 1 hour this morning 🙂 SPX – The expectation on a possible a-b + c-d extension is shown in green. The […]
