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

26 Jan 2015

Too soon to say if already-crashing ’15 earnings estimates have been cut enough

by | posted in: Commodities, Economy, Equities | 1

As oil price buckles, increase in talk of need to focus on S&P 500 earnings ex-energy Collapse in energy earnings important factor, but SPX ests were too rosy to begin with Sell-side struggles to wrap arms around energy repercussions; hard … Continued