The appointment of New York Fed President Timothy Geithner - "not Wall Street guy" - as Treasury secretary in the incoming Obama administration is this week's most compelling market mood match. The announcement, by many accounts, helped send the stock market soaring late in trading ... Read more
The market is due for an oversold Bear Market Rally and it appears with the S&P 500 taking out its January 23rd low on Monday this may have set up a Double Bottom pattern in the near term. The question at this point is how far will the S&P 500 advance before running into resistance.& ... Read more
This week the % of Bearish Investment Advisors exceeded the % of Bullish Investment Advisors by 10% (point A) which going back to the mid 1990's has been a rare occurrence. In fact there have only been 4 occasions when the % of Bearish Advisors has exceeded the % of Bullish Advisors by 5% or ... Read more