The good news is that the S&P 500 managed to close out the month of August above support at 1202 ($119.62 for the SPY S&P 500 ETF). The bad news is that the first two days of September have seen the market slice back through that support level. The charts at this point look bad […]
Most stock market participants may be thinking the worst is over for stocks, others think we are on the verge of another 2008 collapse. This is one of those times when there is a tremendous amount of uncertainty. In fact, other than 2008 and 1987 uncertainty is as high as it’s ever been. A few […]
With only a couple weeks of QE2 remaining the S&P 500 ETF appears to be headed to test the 200 day moving average in the $125 area (1250 S&P Index). The bullish commodity trade that ran wild after the initiation of QE2 also appears to be deflating as one by one the commodity ETFs roll […]
