21 May 2015

S&P 500 achieves major technical milestone, looks exhausted near-term

by | posted in: Economy, Equities, Technicals | 0

S&P 500 retraces 161.8 percent Fib extension of Oct 07-Mar 09 decline Transports not in sync with Dow/S&P 500, having broken several support levels Having spent lots of buying power of late, SPX shows signs of fatigue; pullback odds rising … Continued

2 Feb 2015

Onus on bulls to regroup — little margin of error this week

by | posted in: Equities, Technicals | 0

Major U.S. indices approaching/sitting on/slightly under critical technical levels U.S. indices give back Eurozone QE gains; key would be if European bourses do so U.S. bulls probably swimming against tide for now, but technical damage not irreparable U.S. equity indices … Continued