S&P Pre-mkt. Update, Wednesday, May 30

Below are three charts highlighting three distinct time frames – long-term, intermediate-term and short-term. The intermediate and short-term charts share the same KRAs (potential support/resistance areas). The long term chart illustrates that the bull trend of...

S&P May be Close to Another Buy Point

The price/Breadth relationship in the S&P has been quite consistent since last November’s low. If the present pattern holds, any further decline in the S&P below the recent low should be contained above 1623 (basis cash) prior to another ramp...

Pre-Bernanke Market Comments

The US indices today will be hanging on Bernanke’s every word. From a trading perspective here is what WE KNOW: The definitive trend in the US Indices is higher. There has been no, none, not even a teeny weeny...