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Let's discuss the bigger picture for the Markets, after a great week of trading...
Read MoreFinancial market movements can be erratic on days when options and futures contracts expire, especially on Triple Witching Friday. Today is that day. Along with that, I want to point out a couple of 'Cracks' that may be appearing in various parts of the Markets. When cracks begin to show up, it is good to take note and use a little more caution, because the strength of what is supporting things may give way. Let's take a look...
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SPX - The SPX is at resistance, as mentioned in prior reports. I also said that it could get choppy from here...
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SPX - The SPX ran up to that resistance line and pulled back. I mentioned that this might become choppy in my last report. We'll see.
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