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 [...]

Take some profits please

Posted by admin on November 9, 2009

Anyone who has money invested 401-K please re-balance your portfolio now.  Please, for your peace of mind, remember where you were at 1 year ago.  Take some profits and have some cash ready, because I believe that we are getting ready to top out.
Oh sure everyone is on board with the rally, but seriously is [...]

Late day Market Reversal

Posted by Don on October 21, 2009

Don’t look now friends but the market staged a late day reversal in the face of very good earnings reports today.  As evidenced in the article by Midnight Trader the market turned from up all day to a large drop in the last hour.

If you look at the chart, the S&P 500 is still in [...]