Quite A Week

Quite A Week

The S&P 500 Index gained just shy of 4.5% last week, the best weekly gain of 2019.  This type of strength is rare.  Measured from Monday’s close to Friday’s close the index jumped an even great amount(4.7%).  What’s next?  OddStats put up some...
Stocks Are Slipping

Stocks Are Slipping

The S&P 500 Index is extending yesterday afternoon’s post Fed weakness.  On Wednesday the SPX opened at new 2019 highs before closing out the session slightly lower.  At mid day today the index is off 18 points and is looking quite weak.  The $2950.00 area...
More On The Longest Bull

More On The Longest Bull

The lede from Zerohedge.com:    Exactly ten years ago on March 9, 2009, just as rumors were swirling that the Fed would unleash and expand its QE1 program by $1 trillion (confirmed on March 18, 2009), the current “bull market” began and since then, despite...
For The Twentieth Time

For The Twentieth Time

Since World War II the S&P 500 Index has suffered a quarterly loss of over 10% nineteen times.  As 2018 comes to a close the $SPX is working on its 20th such quarterly decline.  Of course, this time could be different, but exiting the market because of a 10%...
Extremely Oversold

Extremely Oversold

Nearly every ETF(Exchange Traded Fund)tracked by Bespoke Research has reached maximum oversold levels.  The timing is near impossible but, a big rebound is coming.  Hat tip Brian Gilmartin of Trinity Asset Mgmt/Bespoke Research