September is over, and so is the rare September rally. It sure was fun but now we enter what has traditionally been one of the strongest quarters of the year.  The S&P 500 Index found itself largely confined between 1,140 and 1,150 last week, and now we must discover the catalyst that will drive it [...]

The market continues to hold this breakout level, but at times it appears to be on shaky legs.  The indicators remain positive and the argument could be made that we haven’t had many economic reports this week to give the market direction and leading to some routine profit-taking.  We’ll get plenty of reports over the [...]

The market sure did close the week out in style.  The Dow’s winning streak now stretches for an unbelievable four weeks, including a jaw-dropping statistic that the SPX has not had back-to-back don days for 19 sessions now.  That is truly amazing. There has been a definite change in attitude in the markets and optimism [...]

Stocks got off to a strong start today but still managed to spend most of the session in negative territory.  The Federal Housing Finance Agency said U.S. home prices fell 0.5% to a six-year low in July and that helped convince investors to take some profits off of the table. The government also announced that [...]

Another solid week of work put in by the Dow as it managed to extend its September rally for a third week and closed above the 10,600 level, which surprised most market watchers.  It’s not that the SPX has broken out that has us somewhat excited, rather the fact that it’s building a bit of [...]