Yo-yo markets in Death Valley…

http://stockcharts.com/freecharts/pnf.php?c=RSP,PWTADANRBO[PA][D][F1!3!!!2!20] We are in, and have been in, one of the most difficult periods in our 55 years in the market.    We re not alone in this assessment of…

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Time to buy?

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 The formation is formless here and the trendline is more or less invented, so buying at this point requires some boldness.  It would be more conservative to wait for…

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Breaking away…

  http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=1&mn=0&dy=0&id=p90213512304 Not much debateable here.   All the indices are breaking to new highs. http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=0&dy=0&id=p46911828355 The spx, similarly, breaking away.   http://stockcharts.com/h-sc/ui?s=QQQ&p=D&yr=1&mn=0&dy=0&id=p58769923697 http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=0&dy=0&id=p46911828355 And the qs.  Everywhere you look…

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What’s really going on…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 Thursday the bears hammered the market.  Friday the bulls hammered back.  In what looks like a major way.  Excitement about the Fed raising rates?  Be careful to watch this…

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Is dinner through?

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 Waking from a post prandial food coma the market responded to the end of month phenomenon and bottled up volatility.  We have frequently noted that volatility returns to the…

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