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1.14.2016 - Insiders Club Bookmark

1.14.2016

Morning all, we've made it to Thursday....

Yesterday the floor fell out.  Once again a morning move higher reversed, and late in the day things just accelerated to the downside. The S&P was in free fall, plunging through level after level. When we fell under 1900, it pretty much sealed the deal that at some point we'll probably see the August lows at 1867.

Insiders Club - 10.14.2015 Bookmark

10.14.2015

Hey all, welcome to another day....

Yesterday I was mentioning the S&P level of 2020.  That was the level that I thought would tell us if we were going higher, or if we were about to see some fade. So, in the early going they actually got us to 2022 and it looked like I might have to rethink things. But as the day wore on some weakness crept in and when the day was over, we had lost 13 S&P  points, closing at 2003.

Insiders Club - 11.12.2014 Bookmark

11.12.2014

Good morning all, welcome to Wednesday.

I almost had to do a double take this morning. Was that red futures I see? Sure enough they were. Wow, that's rarer than the proverbial "hens teeth" lately.

Granted we're certainly not red by that much, we've got the S&P red by 8 and the DOW red by 65. The question is, does it mean anything?  Well it could.

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