$SPX Range trading

August 1, 2016 10:01 am / Published in All Time High, SPX
Stock market is complacent. Based on historical patterns, after the kind of year we have had so far, there is a high probability of a dip in August and September. Negative sentiment that has been fueling the market is now exhausted as sentiment has turned bullish.  

$SPX trading the low of the day – Video in English

July 28, 2016 10:01 pm / Published in SPX
Creating and holding the day low on $SPX – Video ES futures formed today´s low and buyers showed support at 2154 as price moved away from a demand zone.

$Earning SURPRISE FACTOR $SPX

July 26, 2016 12:30 pm / Published in Earnings, EIKON, SPX
The SP500 keeps trading at the high of the range near all time highs however the earnings are far from great. On the other hand, earning were expected to be much worse that the data I am reviewing. EIKON calls it SURPRISE FACTOR. SP500 range trading near the highs

Signs of exhaustion at $SPX and $Silver +46% YTD

July 13, 2016 12:47 pm / Published in Silver, SLV, SPX
Asian and European prices are moving the SPX higher and higher  for the last 6 days. Once the SPX fails to consolidate higher short sellers will had their opportunity. In the long-term there is a positive outlook for equities all over the world.  Metals specially Silver is bullish with a 46% YTD    

$SPX broke ALL TIME HIGH

July 11, 2016 4:35 pm / Published in All Time High, SPX
As commented yesterday night during the video, the market might start making headlines on all time high. Today the S&P 500 hit a new all-time high. There is no reason to doubt that this market will be bullish going forward. It would seem that were are probably in the upper half of the near term

$SP500 Near all time highs $Employment data

July 8, 2016 12:17 pm / Published in Employment, SPX, Unemployment
We got the jobs numbers today and they blew out expectations. The US created 287,000 versus the estimated 175,000. The unemployment rate ticked higher to 4.9%. The Dow is currently up over 200 points with this beat to the upside. The markets have recovered nicely since the Brexit selloff but is nearing overbought levels. We