Our Hands Are Tied

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That's what I heard from the Fed. 

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SPX - This needs to move higher soon. It is starting to show internal signs of weakness, even though it doesn't look like much of a pullback. The VIX looks like a bull flag may be forming.

SPX 6-15 Read More

June 15 – Relax, It’s A Fed Wednesday

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This was my thinking from yesterdays report...

    SPX from 6-13

This is how Tuesday ended. We lost and regained the 50sma and today is Fed Wednesday. Will the 50sma hold or will this drop to the 200sma? Lets look at 2 more things.

SPX 6-14 Read More

Pre-Fed Syndrome Again

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Monday we saw a little more selling in the general markets as we approach the Fed meeting Wednesday. I have been bullish for a possible break out to new highs,  but recent action is less bullish and it may be that we wont know for sure until after Fed Wednesday. Tuesday may also be a little bit boring ahead of the Fed.

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The SPX -  This looks a bit better than the DOW, NASDAQ, And BKX at a glance, but notice that it looks to be dipping into a daily cycle low. MAYBE the Fed Wed decision will hold it at the 50sma and set a new trend line, but right now, this warrants caution.

SPX 3-16

The NASDAQ  is a tad weaker

NAZ 6-13 Read More