Daily Watch List Update
MARKET NOTE: Dear Members: In case you're keeping track, the market has stalled over the past week. The S&P closed at 2184 last Friday and right now is near 2182. On the one hand, you might say the consolidation isn't bad, that the bulls are gearing…
MARKET NOTE: Dear Members: Yesterday both the S&P and NASDAQ visited support levels and held. In the case of the S&P it moved down to its 20 day moving average and the NASDAQ dipped just below 5200 before buyers came in. Now today both the S&P and…
MARKET NOTE: Dear Members: Options expiration week continues to drive the trade today with all of the major indexes lower. I mentioned in my message yesterday there were too many bets in the SPY for market makers to tolerate; we needed some selling…