Tag Archives: S&P 500 Index

Is This Just a Short-term Rebound or a Bottom?

Not so fast please! This is not the right question to ask. The conditions for a protracted decline are not in place yet despite dismal earnings, horrible technical signals, debt problems and geopolitical instability. Neither the conditions for a strong … Continue reading

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The Impeccable Timing of QE3

The announcement of QE3 propelled S&P 500 passed strong longer-term resistance at 1440.14. In my opinion, in the absence of the announcement and the backing of the ECB the index would have made a short-term top or even would have started on a Fibonacci … Continue reading

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Bulls are Right Even When They are Wrong

Bulls are proven right lately even if the fundamentals are not sound and even if the ECB is playing games with a newly invented buzzword in an effort to mask sterilized operations on the short-term side of the yield curve as anything that can … Continue reading

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Market Action Remains Volatile With an Upward Bias

The market is taking full advantage of uncertainty to squeeze out weak hands at every step of the way while maintaining its upward bias. The S&P 500 index found support yesterday at its 30-day simple moving average while still inside … Continue reading

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Market is Maximizing Losses of Weak Hands

Draghi or no Draghi, the market strong hands will always find some excuse to maximize their profits at the expense of weak hands. To those of us who have been around for some time, these verbal interventions sound like an old movie … Continue reading

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SPX Death Cross is Dead

This is not good even for longer-term investors. Using a 50-day moving average crossing a 200-day moving average to make trading or investment decisions is like trying to race against a sports car on a bicycle. In this post I show with … Continue reading

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Will the Market Rebound Continue Into Next Week?

Contrary to what some people say, the US market has been fairly predictable recently, at least for those that use the right tools in the right context. Actually, both recent strong rebounds in the S&P 500 index, a +2.5% on June … Continue reading

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A Significant Divergence in S&P 500 Index

Significant divergences between two indicators I track are not very frequent and usually indicate a strong move in either direction, up or down. In the case of the S&P 500 and in my opinion the move will be to the upside … Continue reading

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