Among individual investors I talk with, sentiment is as uncertain and anxious as any time I can recall. One comment I hear over and over is, "I don't look at my account statement any more." The question I encounter repeatedly is, ... Go to Full Article

Over the last few days, I've had the opportunity to talk with everyday investors as well as my usual contacts with prop traders and portfolio managers. One of the distinguishing themes in these talks has been stubbornness versus ... Go to Full Article

I recently noted that it has been rare historically to find over 50% of all listed stocks making new 52-week lows on a given trading day. When we have seen such occasions, such as May, 1970 and October, 1987, it has not been unusual to ... Go to Full Article

It looks like the chart of a fallen bank, but it's actually the daily price chart of the S&P 500 Index futures as of this morning's pre-opening trade. Market history is replete with instances of stock market panics. ... Go to Full Article

* Continued Weakness - Across the NYSE, NASDAQ, and ASE, we had 3188 issues make fresh 20-day lows and only 75 new 20-day highs. The Cumulative NYSE TICK and intraday advance-decline lines have done an excellent job of highlighting the ... Go to Full Article

Look at those percentage moves! Go to Full Article

No reason to be long. Go to Full Article

but the buyers still haven't clearly gained the upper hand, particularly in the SPY which remains below the declining VWAP (currently ~98.30) Go to Full Article

right now. The Qs are battling the daily VWAP near 33.28 and SPY is starting to fall away from VWAP (near 99.58) again. Trading remains choppy and there is no clear evidence of a turn yet. Do not become blinded by potential upside ... Go to Full Article

From the high of 128.00 on 9/19/08 to yesterday's low of 96.81, the SPY has declined 31.19 points or 24.36% which is greater than the 18.85% average decline during the 2000-2003 bear market, but there were also two larger declines ... Go to Full Article

Believe nothing just because a so-called wise person said it. Believe nothing just because a belief is generally held. Believe nothing just because it is said in ancient books. Believe nothing just because it is said to be of divine ... Go to Full Article

During the 2000-2003 bear market, the SPY made 9 significant drives lower and 8 recovery rallies. The average decline was 18.85% and the average recovery rally was 17.40% which means the market recovered an average of 73.06% of the ... Go to Full Article

For me that means I will go home in cash (with the exception of a small Q calls position) once again. It is tempting to hold other stocks, but I would rather miss an opportunity than expose my equity to the many unknowns while primary ... Go to Full Article

If it can hold above 2 day VWAP and Pivot (red horizontal line) it could set up a powerful afternoon rally. HIGH RISK IF YOU ARE PARTICIPATING LONG, PLEASE REMEMBER STOPS THE TREND IS STILL LOWER. Go to Full Article

Historical perspective of bear market rallies. Go to Full Article