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Caution! Market crash could be imminent

Alex — Wed, 09 Nov 2011 19:59:03 +0000

With growing uncertainty surrounding the European debt crisis, and the contagion spreading to much larger sovereigns, such as Italy, we now see risk aversion back on the table. US markets are down over 3%, the headlines seem to be getting …

S&P 500 uptrend intact for now

Alex — Fri, 12 Nov 2010 20:09:31 +0000

The S&P 500's uptrend remains intact in a defined channel that found support today, during the stock market sell-off, at the 20 day moving average. The chart below shows the trend channel as well as the moving averages.

Is the rally topping out or just starting?

Alex — Tue, 09 Nov 2010 19:19:37 +0000

We've seen a significant gain since the bottom in March of 2009, up about 80% since those 666 lows. Now the market is facing significant resistance, even after the massive $600 billion QE2 plan to inject even more liquidity.

Market bounces on extreme oversold condition

Alex — Sat, 22 May 2010 15:52:37 +0000

On Friday the US stock market enjoyed a bounce off an extremely oversold condition. The condition has not been fully worked out so there is still room for more buying. Oversold conditions typically occur after waves of selling that knock an asset out of balance with supply and demand.

US Government probes JP Morgan silver trades

Alex — Sun, 09 May 2010 16:34:41 +0000

Federal agents are probing JPMorgan Chase's silver trading activity in order to determine if the bank used derivatives to artificially lower the price of the precious metal.

It’s time for a new and improved uptick rule

Alex — Sun, 09 May 2010 01:32:43 +0000

Since the SEC eliminated the uptick rule on July 6th, 2007 there has been a marked increase in volatility. Of course other factors significantly contributed, but the fact remains that with the uptick rule in place, selling would have been more controlled and orderly.

It’s time to sell the rally

Alex — Wed, 22 Apr 2009 14:43:35 +0000

For the past seven weeks there has been an impressive, rip roaring 30% bear market rally from the March lows. There has been no fundamental reason or glimmer of hope that truly spells the end of this recession. Instead what we have are bank earnings that no one in their right mind can trust with the amount of accounting trickery taking place.

S&P 500 hangs in the balance

Alex — Thu, 12 Feb 2009 11:21:14 +0000

Overnight the tone of futures markets has been pretty negative, pushing the major indexes to levels that could retest the trend line support at open if we stay this low.

Auto bail out talks break down

Alex — Fri, 12 Dec 2008 11:11:27 +0000

Talks in the US Senate to create a compromise in the auto bail out bill have failed.

Nasdaq one day chart: head and shoulders

Alex — Wed, 10 Dec 2008 19:23:45 +0000

We are seeing confirmation of a head and shoulders pattern on the NASDAQ composite. This pattern is potentially very destructive to the rally that has taken place thus far.