Price Confirmation – Bulls were not as strong

Today price action confirmed the message I sent yesterday. You can review the chart with key ETFs on Twitter

US Index performance with metals YTD

If weakness appears I will take the last day high as a stop. As of now, bears were not able to break lower. I do not read relative strength in NQ vs SPX but this will change during the day if bulls are able to take control

Is the economy expanding?

I will allow the market participants to tell me. As far as I can see my models tell me to be careful at these levels. Chart from this article in the NYTimes.com The U.S. Entered a Recession in February. If sellers can not take the SP500 to 2920, the bulls should not worry much

Bears Fire Power – SMALL RANGES ON THE MONTHLY CANDLES

BEARS had three opportunities to take the market LOWER and close the SEP GAP now it seems that they did not have enough fire power. At this moment with two negative weekly candles there is a good chance that we could end the week in a positive note SMALL RANGES ON THE MONTHLY CANDLES EUR/USD

Private Post: Adding Risk #SPX

Models are reading inflows in US Stocks

Banking Sector: $62 billion profit: #Reuters Data

U.S. banking sector reports $62 billion profit in third quarter: FDIC Why investors do not talk about this? WASHINGTON (Reuters) – The U.S. banking sector reported $62 billion in profits in the third quarter, up 29.3 percent from the same period a year ago, according to quarterly data from the Federal Deposit Insurance Corporation. The