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Earnings should start pouring in soon. That will give an indication whether or not Fed policy is really slowing stuff down. Assuming the answer is yes, but guidance isn't too negative, it may indicate the rate hikes are nearing an end. In such a case, the bottom of...
Something Probably Has to Give
Don't look now, but short-term and intermediate-term market indicators aren't exactly in agreement these days. It seems the short-term indicators, including overnight futures, are looking to extend the recent bull run of the S&P 500. It doesn't take a very deep...
Just Charts
Not much to report so far. What is interesting in the charts this week though - there may be a basing pattern emerging in the S&P 500. This is not to suggest the markets will rally significantly from these levels. But it is to suggest the lows may be in the rear...
And We’re Off
Happy New Year... Now back to work. Everyone is expecting a lousy first quarter. Whether or not this becomes self-fulfilling prophecy is yet to be seen. But this week it's unlikely we'll have major movement. It's a short week, and many there is a lull before holiday...
Data Suggests More Downside
Overall, the data still suggests more downside pressure this week. Futures show a slight upside bias to the morning. However, the VIX remains stubbornly low, and the 'big' hedge that JPMorgan placed on the S&P 500 for the quarter is below current values. Pair this...
Self-Fulfilling Prophecy
When the market declares something should happen, sometimes it's best not to fight the tape. Many have called for a 4100 rally target off the lows that occurred in October. That was hit last Thursday with an intra-day move to 4100.51 for the SPX. Now that we've...
