by Serge Berger | Jun 6, 2011 | Uncategorized
Last week's market action was weak, as displayed by bearish engulfing candlesticks on the weekly charts of major U.S. indices. The Russell 2000 is despite choppy action very close to again making lower lows since the beginning of May and the SPX and...
by Serge Berger | Jun 2, 2011 | Uncategorized
It goes without saying, yesterday's market action was ugly. The clearest signal of further risk aversion in my mind came with the fake breakout higher on Tuesday, the last day of May. In hindsight it is now clear month-end games were in high gear last...
by Serge Berger | May 30, 2011 | Uncategorized
The Russell 2000 is at the 50 day moving average as well as a horizontal and uptrend resistance area. The S&P 500 has now put in three weekly doji closes in a row….indecision is an understatement. While it can break in either direction at any...
by Serge Berger | May 26, 2011 | Uncategorized
Despite a bounce in the major averages yesterday, the market remains in no-man's land and is churning away. Given all the headwinds I discussed here tirelessly I think the direction of stock prices over the next two months is flat to down. As such we are...
by Serge Berger | May 20, 2011 | Uncategorized
On May 2nd 2011 the Russell 2000 (RUT) small-cap index landed at a fresh all-time high. From the March 2009 lows to the May 2011 highs, the measured move equals more than 150%. The S&P 500 in comparison rose just over 100% over the same time period....
