Keep Calm – September Gyrations Will Pass

“I have a very strong belief that everything that comes into your life is supposed to and every condition of your life is part of the perfection of it and there is a blessing in all of it and that there are no accidents. It is perfect, absolutely totally perfect universe.” — Dr. Wayne W. Dyer The above…

Daily Average Change

How Major U.S. Indices Perform After a Panic Sell?

On Friday September 9 2016, markets around the world were in panic sell mode. Investors sold almost everything and the day was a 90%-downside day – when 90% of the volume is to the downside. We covered on Monday how major U.S. indices perform after a panic sell like the one on Friday. We noted that history says that…

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S&P 500: 15 Thousand Feet View

Weekly Chart Analysis Current Status: Updated on Thursday November 3 2016 Many jitters are hitting the market – U.S. presidential election, Fed-Fund rate hike expectations – at the same time. On daily time frame the index has reversed the trend. On weekly time frame it has fallen below a previously broken resistance level – the high of 2015. On…

S&P 500 Change by Month

Back to School But September Calls For Caution

Dog Days bright and clear Indicate a happy year; But when accompanied by rain, For better times, our hopes are vain. — Dog Days of Summer Folklore Sirius is the brightest star seen from Earth in the constellation Canis Major, the Greater Dog, which is in the Southern Celestial Hemisphere or the Southern Sky. Being the most prominent star…

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S&P 500: 65 Thousand Feet View

Monthly Chart Analysis Current Status: Last Updated on Thursday November 03, 2016 Current Trend: Uptrend Under Pressure Last Pattern: Rectangle (broken in Apr-13) Current Streak: 3 Down months Last Six Months 3 Up months Last High 2193.81 in August 2016 High Month Low Month Last Swing 2116.48 Feb-16 1810.10 Nov-16 Previous Swing 2134.72 May-15 1867.01 Aug-15 Pivot:…

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Here’s Looking At You, S&P

Long Term Still Looking Great On the monthly-timeframe, S&P 500 is on an ever extending up move. In the last twenty years, markets had two major melt-downs and two major tops excluding the current rally. These reversal points formed a nice looking rectangle trading box for the S& 500. The upper limit is bounded by the highs of…