Posted on Monday, 10th November 2008 by Steve Warshaw

Confusion… The State Of The Stock Market

1 week up, 1 week down. That has been the trend since the beginning of October. A look at the weekly chart for the S&P 500 is enough to make anyone’s head spin. Last weeks high hit the 38.2% retracement level from the mid-August high’s and immediately turned around.
Both [...]

Tags: forecast, rally, s&p 500, trend
Posted in Market Updates, Technical Analysis | Comments (0)

Posted on Tuesday, 4th November 2008 by Steve Warshaw

Is This Bear Ready To Hibernate?
If you follow my regular updates on the s&p, you know that I expect the market to head a bit lower within the next 5 months before we get to head for higher ground. No bull or bear market moves straight up, or straight down, and counter trend relief rallies are [...]

Tags: bear, forecast, industry group, s&p 500
Posted in Market Updates, Technical Analysis, Technical Indicator Videos | Comments (2)

Posted on Thursday, 30th October 2008 by Steve Warshaw

With the Federal Reserve cutting the discount rate 50 basis points to 1%, it remains to be seen if this will loosen up the credit markets. There remains a great deal of mistrust among banks and borrowers at the present time, and until that changes, we would look for the economy to limp along
The sharp [...]

Tags: bear, forecast, market, rally, s&p 500, trend
Posted in Market Updates, Technical Analysis | Comments (0)