S&P 500 Breaks out

Posted by Don on November 18, 2009

Well no one likes to be wrong, but it looks like I was when I called for a double top last week.  The S&P 500 broke thru the 1100 level to close at 1109 and then held the 1100 level yesterday.  This should give us another leg up until we run into resistance at about [...]

Good economic indicators?

Posted by Don on September 15, 2009

Well the next in line of a string of good news lately is that Retail sales were up for August, PPI was up in August, and the Empire State Manufacturing survey was up in August.
Here is a rundown of today’s stats.

Retail sales up 2.7%
PPI up 1.7%
Empire State Manuf. Survey +18.9 up from +12.1

These are numbers [...]