Good morning. Happy Thursday. For the first time in over two months the S&P has fallen more than two consecutive days, and over the last 22 days, there have been 11 up days and 11 down days. SPX 875 was resistance on the way up…now we’ll find out if it’s support on the way down. […]

Good morning. Happy Wednesday. As stated yesterday, I’m officially neutral the market. That doesn’t mean I think the uptrend is over; it just means the market may need to rest and I’m not going to be aggressively long. Semis have been weak; banks need to pullback. Breakouts are not following through. The steady move off […]

Good morning. Happy Tuesday. Over the last 16 days, the market has moved up 8 days and moved down 8 days. The longest winning streak has been two; the longest losing streak has been 2. Since the up days have been bigger than the down, the SPX net change over this time has been +40 […]

Good morning. Happy Monday. Hope you had a nice weekend. So the market has gone from idiot mode to just not making any sense. It keeps going up and up and up. Every little dip gets bought. The Nas has now moved up 9 consecutive weeks, and the Dow, S&P and Russell 8 of 9. […]