Oct
19
Triple Top?
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
Oct
11
Double Top Pattern on SPX
Will the double top formation confirm? Stay tuned, could be early next week. By Carl Anderson
Sep
28
A Real Dilemma
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?
Sep
20
Bernanke Comes to the Rescue
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