Once again, the major stock indexes have found a low by the noon hour and then floated higher into the afternoon. Nearly everyday we see the same pattern repeat over and over. The trading volume remains extremely light which generally favors the upside in the stock market. Traders must remember the old market adage that [...]

The markets are hovering slightly lower on the trading day. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $134.58, -0.21 (-0.16%). While the markets remain overbought, the free money policy of the Federal Reserve and light volume propping has created the best start in 25 years in the market. The scary aspect of this [...]

Once again, the inverse relationship between the U.S. Dollar Index and the major stock indexes works. This morning, the U.S. Dollar Index futures started the day higher and then just plummeted before the opening bell. This same pattern played out yesterday and the nearly everyday before that. Many traders are now looking for the early [...]

Once again, the inverse relationship between the U.S. Dollar Index and the major stock indexes works. This morning, the U.S. Dollar Index futures started the day higher and then just plummeted before the opening bell. This same pattern played out yesterday and the nearly everyday before that. Many traders are now looking for the early [...]

Sometimes it is scary to see manipulation in full swing in the stock market. Actually, it is always scary to think such blatant manipulation can occur and by the leading powers in the “free” world. Let’s set the stage. The markets opened slightly lower. No big deal here. They slowly inched lower on light volume, [...]

Last night, the New York Giants defeated the New England Patriots in the highly anticipated Super Bowl. The game was watched by more than 100 million viewers. The day after the Super Bowl should simply be declared a national holiday in the United States. Many stores could hold sales and promotional events to try and [...]

As the market trades near 52 week and multi year highs, the media continues to pump an economic recovery that has every retail investor turning into a bull. Strange and scary coincidences are emerging in comparison to previous market mega drops. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $134.21, -0.36 (-0.27%). First, the [...]

Tomorrow morning, prior to the stock markets open, Non Farm Payrolls will be reported along with the Unemployment Report. This number will guide the markets for one day but have little long term impact. In 2012, volume has been missing. This is mainly due to the lack of buying by institutions. If institutions are not [...]

The markets are rallying today on the back of China’s official Purchasing Managers’ Index. This economic number came in better than expected and has the SPDR S&P 500 ETF (NYSEAMEX:SPY) trading at $132.71, +1.39 (+1.06%). The markets are still stuck below the master resistance level of $133.30 on the SPY. This level represents major resistance [...]

After an impressive recovery yesterday, the markets opened nicely higher today. These light volume floats in the market are normal in 2012 and have helped keep stocks near their 52 week highs. However, major technical issues are showing themselves and downside looks unavoidable. After the markets opened higher, a reversal took place. The selling has [...]