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Given last week's sell-off I can't say that I'm surprised that the market "tried" to stage a comeback today. But by the close the major averages ended the day mixed.

Bonds took another shellacking however, and that is becoming a troubling sign. Exactly what that means I can only speculate, but I suspect inflation may be the fear. And that's not a friend to bonds or stocks. It's entirely too early to say though, and we won't know the truth of it until it's somewhat in our rearview ...

Support breaks, but EMA holds- Stocks lost ground again on Friday, breaking a short-term support line, but rebounding off of the 20-day EMA. Will this be a 20-day EMA rally or will we test the 50-day EMA? I'll explain...

Market Commentary for 11/15/10

Current Daily Market Commentary

Sunday Brief
14 November 2010

Not much to report this week, my expectations remain the same until the trend proves otherwise. Expounding on last week's chart (YTD Daily) here are some bearish observations you may find interesting. The PVI (Positive Volume Index) is a measurement of the movement in positive volume, I tend to call it the dumb money rushing in. When compared to the May peak, we can see the PVI has been declining. Meanwhile the NVI (Negative Volume Index)

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We're on another sell this week based on our weekly sentiment survey. It was a great call last week and now the Seven Sentinels have issued a sell based on last Friday's close. It is OPEX week so I would not be surprised with some volatile action.

Let's take a look at how the tracker charts are allocated for this week:




The Top 50 are showing little fear in the face of deteriorating technicals as they ...

Buy the pullback or prepare for a correction?

Stocks lost ground last week giving the TSP stock funds a little haircut after the big gains during the first week in November. For the week, the C-fund lost 2.10%, the S-fund fell 2.00%, and the I-fund gave up 2.30%. Bonds (F-fund) were also down losing 0.79%, and the G-fund picked up 0.04%.



Because of that strong first week in November, the stocks ...