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Daily Commentary, Studies - Posted by on January 10, 2011

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Three Lower Closes but Improving …

Despite the fact that the S&P 500 closed modestly lower on Friday, January 7 (release of the BLS Employment Situation Report) and on Monday, January 10 (the third consecutive lower close), the index finished the first week of the year in a strong

Daily Commentary, Studies - Posted by on January 6, 2011

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BLS Employment Situation Report

On Friday, January 7, 2011, the first BLS Employment Situation Report in 2011 will be released. Historically, when the S&P 500 was up at least 1.0% week-to-date from Monday to Thursday (day by day) prior to the Employment Report release, but clos

Daily Commentary, Studies - Posted by on January 4, 2011

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Will Too Many Bulls Really Make a Bear ?

The current investor sentiment is still getting a lot of press around the blogosphere, almost always picking out the rapid increases in bullish sentiment and it’s most probably negative (contrary) implications for the market’s short- and in

Daily Commentary, Studies - Posted by on January 2, 2011

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A Perfect (Bullish) Score, if …

The S&P 500 closed 2010 in a strong fashion, up +0.07% on the last week and up +6.53% on the last month of the year, up +10.20% on the 4th quarter, up +22.02% on the last 6 months (semiannually) and up +12.78% on the year. A lot of traders, an

Daily Commentary, Studies - Posted by on December 30, 2010

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Is Market Sentiment really Forecasting a Correction ?

Most recently the current investor sentiment got a lot of press around the blogosphere, regularly picking out the rapid increases in bullish sentiment and it’s most probably negative (contrary) implications for the market’s short- and intermed

Daily Commentary, Studies - Posted by on December 28, 2010

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7 Consecutive Closes in the Upper Half of the Daily Trading Range

With Monday's (December 27, 2010) session, the SPY (S&P 500 SPDR) closed in the upper half of the daily trading range (above the midpoint) now seven days in a row, regularly (historically) a sign that buying power might be exhausted for the very

Daily Commentary, Studies - Posted by on December 26, 2010

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Christmas Eve and the VIX (being up big)

On Friday's session, the fact that the VIX (CBOE Volatility Index) closed up big (+6.60%) ahead of a long weekend although major market indices closed almost unchanged (SPY down -0.14%, S&P 500 down -0.16%, and DJ Ind. up +0.12%) got a lot of att