The markets continued melting down mainly on China news about the Covid lockdowns and unrests that may impact companies like Apple negatively. But I think there is still a year-end rally ready, and I expect a 5% rally in December. Eventually, China will have to reopen and stimulate the fading economy. Many investors make Continue reading →

  The markets started the week with a sharp decline (-1.52%) but the VIX is still in solid contango which indicates that this selling may be short-lived. There is a lot of negative news which may push this market lower but within the expectations, possibly to the 3,915-3,900 level. However, the path to end year Continue reading →

  Yesterday, the markets were closed. Today, we had a shortened session. The markets closed at 1 pm ET. Many traders and investors were on holiday and not participating. Volume was weak, and price action was muted. We still have no resolution on the direction. The SPX is sitting right below its 200-day MA and Continue reading →

  The markets continued higher when the FOMC meeting minutes indicated that the FED may slow down their interest hike pace. VIX futures are in strong contango so I expect the markets to go higher. But again, the volume is low so this can be deceptive. However, we will see an elevated market by the Continue reading →

  The consolidation continues, and I expect the market to continue higher this week. But be careful. Due to the Holidays, many traders and investors are off, so the volume is extremely low. If we see gains this week, the most important thing will be what will happens after the holidays. Will we keep and Continue reading →

  The market keeps sliding in a pattern that can be considered a consolidation of the previous gains. If we wanted to crash, we would already do so. Looking at VIX in a strong contango, this price action is somewhat positive and may result in a higher spike. Of course, it may also crash, but Continue reading →