Recent Blogs Posts

The week started off with little upward movement in the indices until Fed member Janet Yellen re-energized buyers with her dovish comments intraday Tuesday. The rally she sparked carried on into Wednesday but markets flattened out as March and the first quarter of 2016 came to an end.

The jobs report came out Friday with 215,000 jobs added and unemployment at 5%. This was close to par with expectations and may have triggered a selling spree at Friday's open but was quickly followed ...

Based on the 1st day of April, I'd estimate the S&P 500 is on target for a 4.00% month. Here's a review of what's happened this April, last week, and last month.

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Looking at the S&P 500's long-term 6-month chart on the daily scale:

• Friday's long tail down produced an outside day, making the 2044 low an important level for me to watch.
• After testing trendline AC last Tuesday, we now have our 1st close over the highest descending

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