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SPY, after a cha-cha-cha move following FOMC statement, closed down -0.5%. The market is showing a change in character as shown by violent two way trades in the past few days. VIX is creeping up, currently in high 20's Following through on the nascent decline ES futures remained red on overnight trade, currently down 45 handles. FED says rates will remain...

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For a change SPY closed down -0.75% yesterday. ES futures are green again by 10 handles as of now promising a higher open for SPY. Today FED speak happens. Their policies have been very supportive of the market. I expect more of the same. RSI remains overbought. Options put/call ratio near record low. But indicator has not flipped yet. Waiting for divergence...

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Yesterday tech heavy NDX closed at all time high while SPY closed up a healthy 1.21%. Bullish tone persists in the markets. ES futures are weak in the morning today, down -28 handles. Will that spill into day time trading remains to be seen. RSI is above 70, an overbought condition, but can become more overbought if the bulls keep snorting. Put/Call ratios...

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SPY closed strong last Friday and finished with a gain of 2.56%. ES futures are again perking up +20 handles as of now. Same old story. SPY remains bullish. RSI above 70% and can get higher. Looking for the next two weeks to develop divergence in indicator for sign of weakness. But currently, all systems go for bulls.

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SPY close down yesterday -0.26% snapping a 4 day winning streak. The Nasdaq-100 index briefly touched a record high before rolling over to close more than 0.7% lower. Labor Department’s latest jobs report is scheduled for Friday at 8:30 a.m. ET. Expected unemployment 20%. ES futures are again higher 30 handles (+0.97%) as of now, as bouyant Wall Street/...

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SPY closed up 1.33% up yesterday, as bulls are handling all negative news about very weak economy, corona, unemployement topping 40 millions. ES futures futures are trading about -18 handles and have been under pressure in overnight trading. The latest weekly initial jobless claims count totaled 1.877 million, against an expectation of 1.800 million. But...

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Germany is set to approve a new fiscal stimulus package worth an estimated 80 billion euros. Makes for ES futures drifting up 0.45% and a solid bid underneath the markets as of now. Yesterday SPY closed up 0,40% and the grind higher continues. WTI crude is higher by about 2% as of now, which augers well for the small caps. U.S. CONGRESSIONAL BUDGET OFFICE...

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Markets have been on a relentless tear upwards for the past 10 weeks. FED has provided the liquidity to keep the markets afloat. Corona, economic devastation, 40 millions unemployed, and other 6 sigma events have not made a dent in bulls resolve. The extraordinary anger and more devastation over the weekend have dented the open and ES futures are pointing to a...

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SPY finished 0.5% higher on Friday after the markets, which were drifting lower before Prez conference at one time being -1% lower on the day, rocketed higher as there was no mention of additional tariffs or any words that could impact the phase one trade deal with China. I don't recall a wider split between Wall Street and Main Street. Economic devastation as...

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Today we have a Prez conference re China and FED Powell speech both creating uncertainity for the markets. Keeping it light.

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$SPY gapped up on the heels of $ES futures bullish action yesterday, but sellers showed up at the open and slammed $SPY down to a low of -0.7%, before buy the dip crowd showed up and closed SPY at the high of the day, firmly above its 200 DMA. The S&P 500 advanced 1.5% on Wednesday. Advance led by many of the value-oriented stocks. IWM (+3.1%) outperformed...

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Looking very strong with futures rocking up about 2% higher.

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$SPY closed up +1.7% but the bullish day was marred by US tweets re China. $SPY managed to close unconvincingly above resistance at 296. $ES futures are pointing to a down open which will drop $SPY back again in the range. So range bound trading continues.

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As expected yesterday the morning session had a positive tone, which gave way to strong selling late afternoon. $SPY close down 1.03%. However, bulls are unfazed and $ES futures are pointing to about 1.2% higher open. Bulls are smelling victory seeing the resistance level so close but have been frustrated the last two days. $ES futures inventory is almost 100%...

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Most $SPY gains were made yesterday before the day session began. During day trading, $SPY gains were limited and traders took profit at the close. We have seen this movie before. $ES futures are down 0.42% as of now. European car sales fell 76% from a year earlier in April. Powell and Mnuchin will testify before the Senate banking commitee today so a...

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$SPY hammered again on Friday after opening gap down. Twice in a row $SPY has done that. $SPY is channeling in a wide range from 270 to 296. Volatility is decreasing as $SPY consolidates. $Oil is stabilizing which will benefit beaten down energy sector. $ES futures are now poised to gap up about 1.2% on open. Powell's reiteration over the weekend of unlimited...

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$SPY was floundering yesterday after news of millions more Americans lost their jobs during the week. After first halh-hour of morning open rumor had $WFC merging with $GS. That lit a fire in the financial sector propelling $SPY higher for a trend day. At present $ES futures are down -25 handles after WH China rhetoric and dismal retail data. Battle royale...

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$SPY lost the 20 DMA yesterday. The intermediate trend is likely to be down if 20DMA cannot be reclaimed. $ES futures are trading down about -25 handles as of now pointing to a down gap open for $SPY. Indicators have turned, are turning, pointing to downtrend.