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As you all know after today’s huge decline, the market is REALLY oversold now.  in fact 49.4% of the market sits 2 standard deviations below the 20 day moving average. Looking at history to see how close we are to a bounce, looks like we could be very close, but that ultimately there is a […]

A nasty, nasty day.  I would suggest waiting to buy.  I think we have some more downside, today we tested the june low and it didn’t hold … just kept on going.  That’s a bad sign.

Good morning.  Although I bought a little today and yesterday, I am NOT convinced that the market is ready to go up.  I am testing the market with these small purchases, but not very confident.  In fact, I’m only buying because of most other people’s assumption that we are close to a bottom. Today is […]

Interesting action this week in the stock market.  We had a ‘nice’ pullback as you know most of the week, but the indices held up at the 50 day moving average which was expected.  Friday was a strong day for the bulls, as the day progressively gained all day … Just a nice rise in […]

Another stellar day.  Market can’t keep going like this forever.  In fact, today might be the top, time will tell, but I’m a bit skeptical of this move. Especially on the QQQ’s …

My analysis that people are referencing, actually showed a downward thrust for 5-9 days, then back up after 9 days with most occurrences up for the next 6 weeks. With that said, I personally am rather bearish and have most of my dough on the sidelines right now. The way I look at it, we […]

Last week the market had the best week in over two years, rising 6% for the week.  My daily market analysis was quoted today by David Steckler in his market blog … Dave is retired now, but spent 20+ years as a Financial Advisor and was a member and past president of the American Association […]

Over the weekend I created an extensive study on the state of the stock market and how ‘overbought’ it currently is.  The study is getting some attention among larger investors and ‘market makers’, and a few have asked to share the results with their ‘people’ which is exciting to see. Overbought is exactly how it […]

Looking at my after close market analysis, I lean more so that we are going to fall a bit from here.  I think the fundamentals are still strong, but I definitely subscribe to the fact that tomorrow could see some down side.  The market just needs to blow off a little steam and then it […]

I must say … I was VERY proud of myself … I called the bottom within 30 minutes of it happening, a little lucky … but made some great money off of it as a result.  What is even neater for me is that all my mentors were wrong, which shows my analysis is getting […]