A quick note on the technicals in the stock market. We should have some fireworks soon.
As central banks have back-pedaled on their tightening polices, stocks have continued higher in unabated fashion since December. We are now above a key support level (2,600) which should hold if stocks are to continue higher into the spring. It is easy to recognize the correlation of the stock market to Fed policies which is […]
Stocks finished on a good note this week as a key technical level was recaptured in the S&P 500 (2,600). See below: We are not out of the woods yet but the technicals over the last few weeks are undeniably favorable to calling the Christmas low a bottom. It may not feel like a bottom […]
The Fed governors were out and about this week making speeches and back pedaling their December attempt to spit in the face of a collapsing stock market by raising interest rates. In other words, the Fed has blinked and there is no better evidence than the minutes from their December meeting that were released on […]
The stock market found a place to bottom this week – no real news event happened just an exhaustion point for sellers. What happens next with the chart patterns will be significant as one more new low will lay the beginnings of a trend change and a bear market for the global stock market. If […]
Another brutal ending this week for the stock market. The ECB had their meeting on Thursday and the Fed has their next release this coming Wednesday. The central banks around the globe are converging on policy as they try and unwind their massive balance sheets accumulated over the last several years through their quantitative easing […]