Trader’s Narrative

Last week when the S&P 500 was down to 1070 I wrote that equities are at an important low, if this is still a bull market. My main point was that the profit taking had pushed the market down to levels at which we would normally see a bounce. But only if we were still […]

The work of our very own Wayne Whaley is being featured in the current edition of the Technical Analysis of Stocks & Commodities. His contribution to that fine magazine involves the utility of using the 200 day moving average as a guide to enter and exit the stock market.
First to illustrate why the 200 […]

Is this the end of the much maligned and hated cyclical bull market? or is it just another correction like the ones we’ve seen before? I don’t pretend to know what is going to happen in the market (my crystal ball is back at the shop being polished). What I try to do is look […]

Back in May 2009 we looked at the major global stock market indexes which showed a change in tone from the deeply negative bear market to a surprisingly robust but young bull market. That analysis should have helped when most were looking at the strength in the S&P 500 with suspicion. Many of the major […]

A recent research report from CitiFX Technicals argues that this is a healthy correction for the equity markets and not the start of a “big meltdown”. Citi foresees a possible move all the way to the 200 day moving average which is at approximately 1100 on the S&P 500 index. But they also note that:
…on […]