Monday Market Wrap

Nice market today.  With the NAZ and NDX both in confirmed uptrends it appears it’s just a matter of time before the SPX and DOW confirm as well.  The SPX took back its 50 day moving average today and the DOW closed right at its 50 day.  Short term support is at SPX 1964 and  1956, [...]

Read More

Don’t Fret Europe

You all know by now that the market isn’t the economy, and right now Germany and France are calling for a slower second half as well as a slower first half next year. Deflation is also becoming a huge possibility.  The ECB put a big fat band aid on cancer and until recently things were [...]

Read More

Wednesday Market Wrap

For the day the SPX/DOW were +0.60%, and the NDX/NAZ were +1.10%. Bonds gained 10 ticks, Crude gained 5 cents, Gold added $3, and the USD was higher.  The market gapped up at the open for the second time this week and we cleared the SPX 1940 level and closed at 1946. Please note the new support [...]

Read More

Go Be Different

“Seize the day. Because, believe it or not, each and every one of us in this room is going to stop breathing, turn cold and die” -Robin Williams, Dead Poets Society People die every second. If Robin Williams worked produce at Costco we wouldn’t know. If Jim Morrison worked at Jiffy Lube we wouldn’t know. [...]

Read More