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Posted by Martin April 20, 2015

Where is $SPX heading next? I expect down and here is why.

I was wrong many times in predicting the direction of this market. For about five months the market headed nowhere. We are range bound between 2000 and 2100 level with a few over shots which are immediately sold off. Although the overall long term bullish trend is intact, we are undergoing either a huge consolidation Continue reading →

Posted by Martin April 13, 2015

$SPX selling today didn’t change my bullish outlook

I thought that today’s selling would mark an end to the bullish trend making it yet another sold off attempt of new highs. But when I looked at the chart later at the end of the trading session to my surprise it didn’t change the bullish trend at all and we are still in an Continue reading →

Posted by Martin April 13, 2015

$SPX selling another rally attempt today!

$SPX more and more the market tries new highs it is sold off – distribution phase. Big boys selling off to retails. Bearish

Posted by Martin April 12, 2015

Is $SPX finally going higher or is more volatility coming?

Last couple of months it was really difficult to say what the market wants to do. It went up a few days, then reversed and fell hard next few days just to reverse again. Trading in this environment was extremely difficult for me. But at least it was a great opportunity for me to look Continue reading →

Posted by Martin March 26, 2015

Market 3% off of the top. Is more selling coming?

The stock market fell by 3% since all-time high in February. Is more selling coming or are we going up again? Unfortunately, I think the uptrend is broken already and we will see more selling. Although tomorrow we may see a bounce from the oversold territory it looks like that the bounce will be sold Continue reading →

Posted by Martin March 24, 2015

Market weak but a bounce may happen tomorrow

The stock market is weak and every move higher is immediately sold. Today we created a lower high which is a significant signal of a trend reversal. Tomorrow we may see a bounce up higher – I expect the market to bounce up to 2107 level, but then we may see a renewed selling pressure. Continue reading →

Posted by Martin March 22, 2015

SPX trend expectation for the next week

Last week trading was within my expectations. Thursday trading was a small pullback based on the previous strong rally. That small pullback had a small impact on my trades, but nothing too dramatic and nothing hard to handle, although my profits weren’t as expected thanks to necessary adjustment. In my quest to assess where the Continue reading →

Posted by Martin March 19, 2015

Thursday pullback drama and outlook for tomorrow, Friday, March 20

For me, Thursday was a disappointment. I expected the market to gain some momentum after Wednesday’s rally like we saw in the past in similar situations after FED uplifting reports. Today, it didn’t happen and the whole day we were drifting down after morning large sell off. This price action had an impact to a Continue reading →

Posted by Martin March 19, 2015

What’s the Right Minimum Wage?

  What’s the perfect minimum wage: is it $10 an hour? $15? $20? How about zero? That’s right. Zero. While Congress discusses a minimum wage hike, economist David Henderson shows that any minimum wage makes it harder for unemployed people (particularly young people) to find work and forces business owners to cut the hours of Continue reading →

Posted by Martin March 19, 2015

America’s Debt Crisis Explained

America’s national debt stands at $17 trillion. That’s a tough number to grasp. Most people will never come close to making $1 million in any given year. How can we understand the magnitude of the hole our country is in? Well, imagine you owed your credit card company $200,000. On top of that you have Continue reading →