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I don’t think I have to say anything today, kind of obvious. Hope I convinced you to wait to buy for a few days.

Just a quick note about the market. The bounce did happen, but so far it’s not very convincing.  Not a ton changing in the underlying internals of the market from yesterday to today although a little pressure was let off. Tomorrow needs to be strong, or I would expect more downside.  If tomorrow is strong […]

Good morning.  A quick pre-market note in case you are thinking of putting money in the market today… Well, as I said in my email yesterday, we are getting the bounce that I said would be coming soon … this morning in pre-market hours we are up roughly 0.35%. I would be really surprised if […]

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 […]