The market went from trading purely on sentiment, to trading based on the strong underlying fundamentals in just two weeks.  Once the Iran conflict uncertainty began to fade, focus returned to strong corporate earnings growth. The retreat in oil prices lessened concern about oil shock inflation, and interest rates have […]

Today’s market rally based on news that the Iran conflict may end soon, is the best one day move since May of last year. Typically when we are in a market correction, any bounce may get sold as part of the bottom testing that has to happen before a recovery […]

The DJIA was  down just over 1000 points about 45 minutes into the trading day, but then completely reversed to close up 239. All major indicis completed a major intra-day reversal even before the quote that the Iran conflict was close to being finished. The Nasdaq100 bounced off the last […]

We have witnessed the typical V-Bottom that often occurs when the market capitulates and makes an emotional bottom. The recovery has been swift with the NASDAQ100 (NDX) up over 28% in just five weeks since the April 7th low. We have described the market correction as really two. The market […]

After the intraday low on April 7th at S&P500 4835, we are starting to see a healthier technical pattern develop, though we may not be out of the woods yet. We rallied back to about 5480 or 13.5% off the bottom. After a second attempt at 5480, we set a […]