The double top pattern on the $SPX did not give confirmation. Now it is showing a triple top. Will it confirm this time? Only time will tell. Earnings season is off to a bad start and is weighing on the market. AAPL is going to have an interesting week next week. Tip: Don’t trade AAPL next week… By Carl Anderson
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Double Top Pattern on SPX
October 11, 2012 in Analyze Market Conditions, Weekly Podcast
Will the double top formation confirm? Stay tuned, could be early next week. By Carl Anderson
A Real Dilemma
September 28, 2012 in Analyze Market Conditions, Weekly Podcast
The stock market is facing a turning point – Up or Down? With all the protests in Europe, China threatening war with Japan, US election, Israel VS Iran, not to mention a market due for a correction, one would think the market will turn down for a bit. BUT WAIT! Ben Bernanke is betting $40 billion dollars a month that it won’t go down. So… which way will it go?
Bernanke Comes to the Rescue
September 20, 2012 in Analyze Market Conditions, Weekly Podcast
Here is Art Cashin talking about why the markets continue higher when the data suggests otherwise: http://video.cnbc.com/gallery/?video=3000117203&play=1