Category: Trading Articles

$SPX- 1955.9 target hit Update 10/29/14

Bulls need to hold here- see the following 5wk hourly chart.

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  • Written by Gary Caumont

Category: Trading Articles

Pulling in the Horns

The last pullback of significance is the U.S. equities was just about 3 years ago and that came after a huge run up off the 2009 lows. That's a long time to steadily march north without any pullback of size. During those three years we have but a handful of neoclassical structural setups that called for caution. The last problematic structural setup was in April of this year which, as usual, was arrested by another central bank (the European Central Bank) moving to buy bad debt and push fresh Euro's into the marketplace. Of course, the result was a boost in equity prices around the world yet again. Yet, six months later, here we are again, and once more the structure that can lead to large declines is once more staring us in the face and urging us to pull in our horns.

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  • Written by LA Little

Category: Trading Articles

$SPX- 2032.6, 2052.5 targets + rising wedge Update 9/25/14

The S&P500 index hit the upper trendline of a rising wedge last Friday- see the following 9month daily chart.

Read more: $SPX- 2032.6, 2052.5 targets + rising wedge Update 9/25/14

  • Written by Gary Caumont

Category: Trading Articles

Stock Market shows Shades of 2007

Everyone refers to 2008 as "the crash", but really the market had peaked long before that fateful September and October of 2008. The peak of the bull market that first received it's horns in 2003 was actually recorded on October 11, 2007 - almost a full year before the crash. Remembering back to 2007, it was a very difficult year to make money, just like this year. What was gained was lost in a lot of cases. Just a coincidence? Maybe, maybe not.

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  • Written by LA Little

Category: Trading Articles

Be ready to play another market surge

All year long it has been the same old story. Strength in key sectors overwhelms weakness in others. Equities lift as earnings expectations continue to buoyed due to persistent though subdued economic strength as the Fed holds off on interest rate increases. On the strength side, financial names have been solid serving as the backbone for the advance. That was true again the last two days and is likely to remain true as long as the market believes these institution's bottom lines will continue to beĀ  beneficiaries from the increasing spread between what they have to pay for money and what they can lend it for. With the Federal Reserve's Dot Plot causing rates to rise now while lender's cost remain the same, is it any wonder that they are the market leaders?

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  • Written by LA Little