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The S&P 500 (ETF Proxy – AMEX:SPY) gapped up on Friday to close out the week near the range highs. I believe this is day 40 without a new high or low reached which is freakishly unusual. This weird lack of participation continues to worry me as I believe it will lead to a volatility…
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So the elections are behind us and what a surprise that was, the Conservatives won the majority vote but what really caught most analysts, political and financial alike, was the way they won the race. Over the past weeks almost all predictions called for a very tight race, so tight actually that no one was…
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Over the past few days and since my last note to you we’ve seen the FTSE 100 taking a turn for the worse and actually breaking below the 7,000 points’ area which I called as my main support at that time. Last week the focus was on the Fed meeting and on whether the US…
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The S&P 500 (ETF Proxy – AMEX:SPY) is pushing back up to the range highs on extremely low power. I would expect to see this push tail off as the highs are reached, and don’t expect much energy to enter this index unless a news event can attract attention. Morgan Stanley (NYSE:MS) is basing near…
