Monthly Archives: February 2013

Feb28

Here is an updated S&P 500 chart.  For those who use Fibonacci levels the bottom early this week was a 23.6% retracement of the November to February move.  That is not shown on stockcharts.com but is the mildest of retracement…

Feb28

Rather than write this piece, I am going to grab a snippet from an article written by Rev Shark at Realmoney.com (subscribers only) yesterday which is in the back of every bear's mind in relation to how this market works since…

Feb27

Have to tip your hat to the bulls – Monday's big losses have been eliminated and they already have the market back to Friday's close.  In the context of how bad the action was Monday with a lot of technical…

Feb27

With today's rally the S&P 500 is back to where it was January 29th on a closing basis.  There has been a lot of movement in markets the past month, but nothing in terms of progress. Thus far 2013 has…

Feb27

Interesting morning, we have some ok equity action even as the two "risk off" indicators of the recent rally are both up – bonds and the yen.  Someone is lying….   As for the S&P 500 it is working on…