With All Markets Trading in Tandem, Why a Reversal Might Be on Tap

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With All Markets Trading in Tandem, Why a Reversal Might Be on Tap

Happy Groundhog Day!  And don’t try telling me otherwise – at least as far as the markets are concerned.  Everyday the S&P 500 creeps higher – as does gold, silver, and what the hell, even the Euro!  Is Punxsutawney Phil nearby? Let’s start with the S&P, which has bounced several times off the 1040 mark, […]

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The S&P Tests Upper Resistance – Again – Any Marbles Behind This Push?

The ghost town that is the S&P 500 continues its inexorable march to the sky, driven by about 9 traders flipping shares back and forth. Now we’ve hit an interesting point, with the S&P kissing its upper resistance line once again, and most market observants quite giddy with bullishness: Source: StockCharts.com Will 1130 hold?  Nobody […]

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