Some Saturday Set Ups

If you are like me, you were jonesing for some market action on Friday. Next week starts the second quarter and the “correction mongers” will spread their wings starting Monday. As I said on the blog yesterday, we are overdue for a pullback, but set ups are set ups and there are some good ones. […]

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Crunch Time

What a tape. Forget that the $SPX has gone from 666 to Friday’s close of 1569, but the S&P has also popped over 200 handles in just the last four months. The market has shrugged off all challenges which include the Cyprus Crisis, Sequester Jesters, Fiscal Cliffs, slow growth, threatened government shut downs, a corroding […]

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Tuesday Market Wrap- This Close

{+++} The S&P is now about 13 points from the all time “intra-day” high of 1576.09. Although the market put in another winning day, you can tell the market is getting nervous about more immediate upside as more defensive sectors did well today. Although the major averages ended firmly higher, defensive sectors were the clear […]

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Monday Market Wrap

{+++} The market slid today as European worries kicked in again. The euro broke its 200 day moving average as a result. Equities began the day amid broad strength, which brought the benchmark average within a point of a record high close. The morning gains came about after Cyprus and the Eurogroup agreed on the […]

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Sunday Set Ups 3/24/13

{+++}  The market trudges along and the quarter ends on Friday. We’ll see if the bulls want to take this one more leg higher this week.  Here are some setups that I will be looking t enter this week. Check the P&L fro entries and stops. VRTX- is pressing up against a downtrend line from […]

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Wednesday Market Wrap

{+++} The Fed still wants to play in the sandbox, at least according to Ben Bernanke’s comments today. There is no inflation risk for now and joblessness is still rampant so why not?  Some say  QE may be reduced by year end, but the consensus seems to think free money will go in into 2015. […]

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Update

{+++} Here is an update on where the markets stand right now: Dow Jones is down about 115 points S&P Futures- Down about 17 handles Nasdaq- Down about 27 points Russell 2000 -Down about 10 points EUR/USD is down a little over 1% and is just below critical support. So everything is down in the […]

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