The monthly chart of the S&P 500 can be viewed as both bullish and bearish. The bulls will point to an imminent breakout from a double bottom base while the bears will call this a potential triple top. This article will discuss which way the scales are tipping.
Stocks rallied last week as the bulls sent the major indices above important areas of resistance and within striking distance of fresh record highs. Most of the big financials rallied last week after reporting crummy numbers. This reinforces our point about focusing on the reaction, not the actual numbers. Corporate earnings are expected to…
One of the most important elements to trading successfully is psychology. It’s no secret and yet it is one of the toughest hurdles we all face. It goes far beyond the “hope, fear, and greed” we see driving markets. Our own personal psychology and in return our market performance is effected by our health, well-being,…
Stocks remain very strong as the bulls continue to defend the short term 10 day-moving-average line for the major indices. The big news last week and last quarter is that easy money from global central banks is here to stay. For now, stocks continue to worship easy money and until that changes, the bulls are…