I have to keep it short today but I wanted to talk about the action last week, specifically bonds ($TLT). S&P 500 ($SPY) fell around 1.5 percent for the week, which is only a blip in this bullish trend. The bonds ($TLT) on the other hand fell~ 4.0 percent last week and are down ~10 […]

The choppy-to-weak trade resumed today, as the large-cap indices continued to see selling pressure. The Dow Jones Industrial Average ($DJX) finished the day down 106 points or ~.58 percent. This is about 70 points higher than its worst levels today. The Dow Transports ($IYT) continue to trade very weak, adding more pressure than relief. If […]

Sellers of Stocks were hitting it hard yesterday, S&P 500 ($SPY) fell below 2100 for the first in 3 weeks. While the market attempted a bounce in the afternoon, it was only able to recover half of its morning loss. S&P’s ($SPX) continue to see diminished lows and lower highs, which could be just a […]

One of the simplest ways to measure market strength is to see how stocks and indices are trading against their short, mid, and long-term moving averages.  The S&P 500 ($SPY) is above its 20, 50, and 200-day simple moving averages. So price action is to the upside. What we have noticed over the last few […]

We saw actual selling pressure last week in stocks, but as usual, it was short lived. The S&P 500 ($SPY) moved above $211.78 on Tuesday afternoon then worked its way lower the rest of the week. With a close below $210.5 on the $SPY, the ETF fell around $1.4 in two and a half days. […]

The S&P 500 ($SPY) spent the day in a tight range, ~ 7 points. However, by the end of the day it was in the red, but not by much. The real story is in the resumed strength in the US Dollar ($UUP). The Dollar ETF ($UUP) has spent the better part of this month […]

Intel ($INTC) has been unable to garner any strength to the upside since the end of January. Since the stock broke $35, it has been in a range of $34.5-$33.5 and has been under-performing compared to large-cap indices like the S&P 500 ($SPY). If you take a look at Tradespoon Seasonality Chart there is resistance […]

The S&P’s ($SPY) stayed in tight range all day, wrapped around $210. This holding pattern that has settled in makes sense if you look at what is going on in the rest of the world. Japanese and European markets continue to show signs of strength.  EAFE iShares (EFA), which is an index of EU stocks, […]

Today’s market finished the session on a flat note thanks to a late afternoon grind that lifted the market off its low. The S&P 500 ($SPY) ended unchanged while the NASDAQ ($QQQ) outperformed, adding 0.1 percent. It was surprising to see the market reaction to the FOMC minutes so muted. You would think the bulls […]

The move in the S&P 500 ($SPY) to the upside has been on low volume, with volatility still holding up going into March, April, and June. If you look at volatility futures they are trading at the $18-$20 level which is 10 percent over the cash $VIX that is reported in mainstream media. This action […]