Tag Archives: SP 500

Sideways to Down Movement

The DOW met 31200 resistance last week and the weekly cycle oscillators promptly turned down.  Even though the last week’s low didn’t penetrate the previous week’s low to produce a swing high, but the mere fact that the weekly cycle oscillators have turned down is enough to call this weekly cycle top in place.

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Watch the DOW at 31200 Level

The DOW closed at all time high last Friday while the US capital was under mob attack on Wednesday.  The bull market doesn’t care whatever happens on the main street.  It cares only about the money, when there is so much money on the sideline, it has to go somewhere!

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Possible 5-10% Correction in Q1 2021

Last week the S&P 500 closed at a fresh new high while waiting for the stimulus package.  The main street is suffering from the pandemic, yet the stock market doesn’t care.  The stock market has made up its mind that it is a bull market no matter what!

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The Breakout Is In Motion

We hope everyone had a great and safe Thanksgiving Holiday!  November was one of the best months ever for the market.  The November rally broadened quite dramatically the small cap and mid-cap stocks.  It was just a great month for the market.  The market already had its Santa Claus rally in November.

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Covid, What Covid?

It has been a costly mistake if you have not invested in the market due to the concerns of Covid-19 pandemic.  The market has discounted the impact of the pandemic as a whole except a few select sectors due to the unprecedented support from the monetary and fiscal policies.  While still deep in the uncertainties related to the presidential election,

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