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There is one thing about the small caps. You have several different indexes of small-caps. The IWN bounced off of the 200 day moving average while the IWO went right through it. The growth 2000 is the place to be. In March of 2000, the value 2000 was the place to be where as the growth...

Well, I think we are going to sell down now to 1454 and its not going to feel good on the second dump. If the strange feeling comes true, then it will sell down to 1387 without blinking an eye. If the strange feeling is not to be then the mighty index will stop at 1454 and bounce bounce bounce.

Day's Range: 1476.03 - 1488.30 1488 was our pivot for sure!!! We will now sell down to either 1454 or 1387 give or take a couple of $$$.

It appears the SPX is now struggling at the 1488 level as posted earlier. This is probably going to be our pivot point to either 1454 or 1380 something as I outlined in the earlier post. Any takers. Which level will it be? 1454 or 1380something. Too lazy to scroll up a few posts to see...

This is a normal correction. Normal corrections are characterized by lots of fear, put/call ratios through the roof, volatility jumps, and everyone running around thinking its 1987 all over again, etc. Now thats a correction. An abnormal correction is one in which there is no fear and...

Everyone missed this one. On Friday at 3pm, Cramer came out on CNBC and stated that the indexes would go whooosh straight up into the close. Indeed, when he said that the DJIA went from 75 to 50 as if the Cramer speech was effecting the price. For a while I thought he was right, until price...

One more chart before I take off for the day. NYSE bullish percent index. This chart most accurately reflects the two possible scenarios I painted above. A 2006 style correction with a lower low to come or a 2005 style correction where a double bottom will occur right now. Of course...

Here is the advance/decline chart. Look at the numbers on the chart. Take a calculator and you will see that the difference between the numbers is 14. There were two in 2005 and one in 2006 and the difference each time was 14. We are right now at 14. Also notice that there was...

Did anyone notice where the market pivoted today? It was at 1454 which is reflected below in my pivot points. This was not wizardry on my part, but simple common sense. In corrections of the recent path, the $SPX usually corrects down about 100 points give or take and usually somewhere...

Your kidding me!!! Take a look at my chart and tell me with a straight face that there is no trend!!! The market is in the habit of selling off to the 200 day moving average (sometimes higher, sometimes lower) sometimes once, but usually twice each year and usually during the summer months...

Amazon is not falling despite a Barron's slam article and very rough market conditions with the $SPX falling 100 points in a week or so. Something tells me that when the market does strengthen then Amazon will shoot much higher to over 100. It doesnt take a stock market genius to figure this...

Relax Stoney. This is just a normal market correction. No need for 3 page essays. In 3 months we will look back at this like a great buying opportunity. If your really worried then diversify into quality safehaven stocks like AMZN, RIMM, AAPL, BIDU, etc. One stock Im looking at is PRAA...

This is another common sense play. If CC and BBY are falling and TWTR has gone bankrupt, then RSH should not be continually trading higher. It doesnt make any sense. However, I do believe it might be a good buying opportunity right now. That would be a risky long trade though and I would...

Love what they did with the Taurus. Time to buy Ford.

Ok, its time. My target is $100.

Thats what the trading computer is telling me that I bought off of you for $200. This trading computer hasnt been wrong in the past.

I went through the drops from 2004 and I have found that all of them on the $SPX have only been 6-8% which is none to exciting when you consider the 25% inflections during 2002 and the 48% advance during 2003. We are currently at about 6-7% under the 1555 high. I see the possible pivot...

One factor that is exacerbating the downturn is the margin debt. Its 68% over the reading from last year and up 32% from January's reading. Its also at record highs over 2000's reading. Im guessing that a big part of this selloff is not simply a credit crunch of Wall Street but a good ole...

Its all about common sense. All that volume and it was only able to sell it down to 1458. Is that all the market has to toss at us? I surely thought we would go much lower and a possible crash would take place. The SPX blew it on Friday, it failed me. They could only sell it down to...

Those big red volume bars may not be just the legitimate selling of regular shares, but all out shorting too. The crowd is probably shorting all they can and surely the trade will turn against them. In any event, there are some charts that work some of the time, but there is one chart...