Category Archives: Broader Market Analysis

Since the S&P500 bottomed over a period of four days (Aug 8-11), we have seen higher highs and higher lows (as is shown with the green parallel lines). The market needs to hold this level for it to go higher … Continue reading →

On Aug 11, 2011, I had mentioned on my post that S&P500 has probably found a bottom. The market, since then, has rallied ~ 7%. But it is not able to cross the 1200 mark on S&P500. I think, at … Continue reading →

Well… we did have a rough few days of trading… If you look at my previous post, I did mention that testing the 200-week MA was in the cards. There is something interesting I want to note today. If you … Continue reading →

Yesterday it felt like Market was going to test the 1200 level on S&P500 and it did. The next logical support is at 1157 area (200-MA) and then at 1100. Today’s better than expected unemployment number might help slow down … Continue reading →

The market staged quite an impressive rally (after holding support at the 1260 level) over the past few trading days. The attached chart shows where the market closed on July 07, 2011, the day before the release of June Payrolls … Continue reading →

Let me start by expressing my deep sympathy for the affected people in Japan. We should all stand by them and extend our supportive hands at this hour of misery. On the market front, the intra-day low of SPX was … Continue reading →

Chart of SPY (SPDR S&P 500 ETF, generally corresponds to the price and yield performance of the S&P 500 Index): Chart of the VIX (CBOE SPX Volatility Index): On Feb 28, 2011, when the SPY was trading at 132.64 and … Continue reading →

Chart of SPY (SPDR S&P 500 ETF, generally corresponds to the price and yield performance of the S&P 500 Index): Chart of the VIX (CBOE SPX Volatility Index): If you have been following the recommendations of optionsmojo.com, you have already … Continue reading →

On Nov 21, 2010 I wrote that the market should find some near-term support in the 1175 area and I had expected the market to the highs of the year (1220-1230) in the near term. The S&P500 did exactly that and … Continue reading →

The daily chart (source: TradeMonster platform) of SPX (S&P 500 Index) shows that the market correction over the last couple of weeks found some near-term support (in the 1175 area). However there is heavy resistance in the 1220-1230 region and … Continue reading →