Midday Update - Head Fake

The chart pattern continues to suggest the S&P 500 will reach 1370 before the start of a corrective reversal. Read the rest of entry »

The DJIA Delivers a Blow

To the bears' dismay, this thesis has just been invalidated upon the DJIA breaching last year's high. Read the rest of entry »

Waiting on the Wizard of Oz (Part 2)

The chart suggests a flag-like countertrend rally that should set the stage for the next down leg after the FOMC meeting. Read the rest of entry »

Correction in Progress

Expect the correction to be a deep and choppy affair... Read the rest of entry »

Waiting on the Wizard of Oz

I'm sounding overly skeptical because I don't believe the Fed will deliver a QE3 surprise... 

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The "I want My Money Back" Trade

I expressed my concerns about the bullish prospects of the contracting triangle that I had been tracking for a week...

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The Familiar Head Fake

A precipitous decline in jobless claims and an anticipated European interest rate cut were just the ingredients...
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One More Down Leg?

The bounce off today's low lacked the enthusiasm normally associated with reversals...

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