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 3, 2011 | Uncategorized
Boom! Nonfarm payrolls 54k vs 169k concensus expectations. The futures shaved off a quick 15 points on the back of this and are hovering around the $1295 mark. Yesterday's trade was marked by consolidation, which was to be expected after...
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 19, 2011 | Uncategorized
The S&P 500 chart gives us good reward/risk trades here. On the SPX itself stops can be placed near $1318 (Tuesday's low…which was also the 50 dma and 61.8% Fibonacci retracement), Upside targets as we see them are between $1380 and $1400,...
by Serge Berger | May 19, 2011 | Uncategorized
Yesterday's trading action was bullish, period. Coming into yesterday morning, the market still felt heavy despite the intraday reversal on Tuesday. As the morning unfolded however something took the fear level out and markets pushed higher....
